US Futures Decline on US-Iran Tensions
2026-06-22 00:16
By
Jam Kaimo Samonte
1 min. read
US stock futures moved lower on Monday as tensions flared during the first day of talks between the US and Iran, driving oil prices higher.
President Donald Trump threatened fresh strikes if Hezbollah continues its attacks on Israel and warned Tehran against closing the Strait of Hormuz again.
Meanwhile, Iranian media reported that Tehran had suspended negotiations in response to Trump's remarks, although sources familiar with the discussions said talks were still ongoing.
Investors also turned their attention to this week's release of the US PCE price index, the Federal Reserve's preferred measure of inflation.
Last week, the Fed left interest rates unchanged but signaled a more hawkish stance, with nearly half of FOMC members now expecting at least one rate increase before year-end.
Despite this, US equities posted gains last week, led by the tech-heavy Nasdaq Composite, which rose 2.43%, while the S&P 500 and Dow advanced 0.93% and 0.71%, respectively.