US proposes ending Middle East war coverage, prompting a sharp rise in Wall Street futures

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Investing.com - U.S. stock index futures surged on Tuesday evening, oil prices retreated, after reports indicated Washington had sent Iran a 15-point peace proposal to end the war.

As of 8:36 p.m. Eastern Time (Wednesday 00:36 Beijing Time), the S&P 500 futures rose 0.8% to 6,657.0, Nasdaq 100 futures jumped 1% to 24,443.75. Dow futures climbed 0.8% to 46,792.0.

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Trump says Tehran is willing to reach a peace agreement

During regular trading hours, major stock indexes closed lower, weighed down by geopolitical uncertainties, rising Treasury yields, and soaring oil prices.

The Dow Jones Industrial Average fell 0.2%, the S&P 500 declined 0.4%, and the Nasdaq Composite dropped 0.8%.

After The New York Times reported that the U.S. had sent Iran a 15-point plan aimed at ending the ongoing war, market sentiment improved in late trading.

The report indicated that the proposal includes a potential ceasefire agreement and broader negotiations on Tehran’s nuclear program and military projects.

U.S. President Donald Trump stated that Washington is “currently negotiating” and added that Tehran is “being reasonable,” seemingly willing to reach a peace deal.

He also hinted that Iran might agree to abandon its nuclear ambitions as part of the reconciliation.

However, Iranian officials denied any direct negotiations and dismissed reports of talks as false, highlighting ongoing uncertainties in diplomatic progress.

Oil prices retreat but remain volatile

Oil prices, which surged on Tuesday, fell sharply during Asian trading hours on Wednesday, as hopes for a ceasefire eased supply concerns.

Brent crude and WTI benchmark prices retreated more than 5% from recent highs.

The decline in oil prices boosted stock index futures, as falling energy prices eased inflation pressures and improved corporate profit outlooks.

Earlier this week, Trump claimed to have had “productive” talks with Iran, though Tehran denied such discussions took place.

Markets remain highly sensitive to conflict-related news, with investors closely monitoring developments at the key Strait of Hormuz and any signs of ongoing diplomatic breakthroughs.

This article was translated with the assistance of AI. For more information, please see our Terms of Use.

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