US Futures Fall as Iran Talks Fail
2026-04-13 00:06
By
Jam Kaimo Samonte
1 min. read
US stock futures declined on Monday after President Donald Trump announced a blockade of the Strait of Hormuz, following the failure of weekend negotiations between the US and Iran to reach a deal.
Futures tied to the Dow, S&P 500, and Nasdaq 100 all dropped more than 1%.
Vice President JD Vance departed Islamabad without an agreement with Iranian officials, citing their unwillingness to halt nuclear ambitions, while Tehran reportedly sought control of the strait, war reparations, and access to frozen assets.
The effective closure of the key shipping route has driven energy prices sharply higher and heightened inflation risks, reinforcing expectations that central banks may delay rate cuts or even tighten policy further.
On the corporate front, the first-quarter earnings season begins this week, with results due from major banks including Goldman Sachs, Citigroup, Wells Fargo, JPMorgan Chase, Morgan Stanley, and Bank of America.