US-Iran Conflict Pause Sends US Stock Futures Soaring

The US-Iran conflict has led to a pause in strikes on each other, resulting in hopes of a potential ceasefire and subsequent decline in crude oil prices.

This positive development has caused US stock futures to rally, with the Dow futures trading with gains of over 200 points, Nasdaq futures up by over 350 points, and S&P 500 futures with gains of close to 50 points.

The market's optimism is also reflected in the decline of crude oil prices, which have fallen nearly 5% each for Brent and WTI after last week's rally when tensions escalated.