5 hours ago
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Financial markets were muted on Sunday as investors were reluctant to bite on the latest well-timed social media post from President Donald Trump about Iran.
Futures tied to the Dow Jones industrial average rose 84 points, or 0.17%. S&P 500 futures were up 0.11%, and Nasdaq futures added 0.06%.
U.S. oil futures dipped 0.77% to $101.16 a barrel, and Brent crude eased 0.59% to $107.53. Gold fell 0.28% to $4,631.60 per ounce.
The U.S. dollar was down 0.1% against the euro and fell 0.12% against the yen. The yield on the 10-year Treasury was flat at 4.372%.
An hour before oil futures began trading, Trump posted on Truth Social that the U.S. will guide ships from “neutral and innocent” countries out of the Strait of Hormuz. He dubbed the effort Project Freedom, which will start Monday.
“The Ship movement is merely meant to free up people, companies, and Countries that have done absolutely nothing wrong — They are victims of circumstance,” he added. “This is a Humanitarian gesture on behalf of the United States, Middle Eastern Countries but, in particular, the Country of Iran.”
Trump also said his envoys were having positive discussions with Iran, but warned that if his Project Freedom is interfered with, it will “have to be dealt with forcefully.”
English (US) ·