US Stocks Edge Higher Amid Report of Potential Iran Conflict Resolution

US Markets Set for Firm Opening Amid Reports of Potential Iran War End

Wall Street futures rose by up to 1 percent on Tuesday, indicating a strong start for US markets, while oil prices declined by approximately 1 percent following a report that US President Donald Trump is open to ending the war in Iran.

At around 10:45 am IST, futures linked to the Nasdaq-100 were up 0.55 percent. Futures of the S&P 500 rose 0.7 percent, while those of the Dow Jones Industrial Average gained 0.8 percent.

Oil prices reversed earlier gains on Tuesday after a report said Trump had told aides he is willing to end the military campaign against Iran without reopening the Strait of Hormuz.

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The report states that the May contract expires on Tuesday, while the more active June contract was at $105.76.

Analysts said the decline in prices reflects a near-term reaction to the possibility of the war ending, adding that any significant change would depend on the full restoration of flows through the Strait of Hormuz.

The Wall Street Journal reported on Monday, citing administration officials, that Trump is willing to end the conflict even if the Strait remains largely closed and address its reopening at a later stage.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

In Asian markets, Japan's Nikkei fell 1.3 percent and is set to lose 12.6 percent this month. South Korea's Kospi declined 3.46 percent on Tuesday and is headed for a monthly drop of over 17 percent, the steepest since 2008.

Back home, the equity benchmark indices Sensex and Nifty ended the last trading session of the 2025-26 fiscal year sharply lower on Monday amid weak investor sentiment due to the ongoing West Asia conflict and rising crude oil prices.

The Sensex dropped 1,635.67 points, or 2.22 percent, to settle at 71,947.55. During the day, it had plunged 1,809.09 points, or 2.45 percent, to 71,774.13. The Nifty declined 488.20 points, or 2.14 percent, to close at 22,331.40.