Dow Jones Futures Tumble on US Rejection of Iran's Hormuz Deal

The Dow Jones futures dropped on Monday after the US rejected Iran's proposed Hormuz deal, leaving geopolitical and inflation risks elevated.

Oil prices came under pressure due to concerns over disruptions in the Strait of Hormuz, a vital shipping route for global energy supplies.

Markets are watching closely for the upcoming PCE inflation report on September 30 and the nonfarm payrolls data on October 2, which could influence monetary policy expectations.