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Equity Futures Rise on Middle East Peace Optimism Despite Recent Military Escalation

U.S. stock index futures climbed 0.6% as of 7:47 a.m. in New York as investors remained hopeful that ongoing diplomatic efforts will survive recent military confrontations. S&P 500 futures gained ground following strikes near the Strait of Hormuz. Crude oil rebounded following the clash, while wheat futures extended losses as traders digested progress in talks aimed at ending the Middle East conflict. Treasury markets rallied alongside equities. The market's interpretation of events reflected cautious optimism that escalating tensions would not derail peace efforts.