Wall Street Sees Rally as Oil Prices Fall Amid Middle East Developments

U.S. stock futures staged a comeback on Tuesday as Wall Street rallied in response to falling oil prices.

The drop in crude benchmarks was attributed to unverified reports that Iran may reopen the Strait of Hormuz within a week and Saudi Arabia plans to restart its pipeline.

The attention now shifts to an upcoming Washington summit between President Trump and Chinese leader Xi Jinping, which is set to cover key topics such as AI, the Iran war, tariffs, and rare earth metals.

Today's market also includes Fed officials speaking on various issues, but no specific details were provided in the source about their comments.