Iran's Supreme Leader reportedly calls for conditions to end war; oil slides, stock futures rise
What happened
Iranian news agencies reported that Supreme Leader Mojtaba Khamenei, meeting with Supreme National Security Council secretary Maj. Gen. Mohsen Rezaei, called for bringing 'the current state of neither war nor peace to an end' by implementing conditions proposed by Iranian officials. One reported clause is safeguarding national and regional security by maintaining Iranian control over the Strait of Hormuz, and IRNA's reporting did not mention the nuclear program. The headlines moved markets Tuesday morning: S&P 500 futures rose about 0.3-0.4% to session highs, Nasdaq futures gained about 0.6-0.7%, oil fell about 1% (WTI near $101, Brent near $110), and the 10-year Treasury yield eased. The move more than offset an overnight Houthi missile attack on Saudi Arabia's Ras Tanura refinery, which had initially pushed oil higher.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Energy/oil (Brent, WTI); broad U.S. equities (S&P 500, Nasdaq, Dow futures)
- Treasuries (10-year yield eased); airlines, transports and consumer stocks via fuel-cost and inflation channel