Good morning and welcome to Markets Desk, your Monday open.
Sunday's dominant headline belongs to diplomacy and the crude market. The United States and Iran confirmed a deal reopening the Strait of Hormuz, and markets wasted no time responding. S&P five hundred futures climbed nearly eight tenths of a percent, Nasdaq futures surged one point two six percent, and U.S. crude sank three point eight percent to eighty-one dollars and sixty-five cents a barrel. President Trump said oil will flow freely and made clear regime change was never the objective, giving traders the certainty they had been waiting weeks to get.
Turning east, Singapore's Straits Times Index is set to extend a two-session winning streak when trading opens Monday. The index has added roughly seventy points, or one point four percent, and is sitting just above five thousand twenty-five. Regional sentiment is getting a lift from the same geopolitical relief that moved Wall Street futures overnight.
And keeping an eye on Washington, the Los Angeles Dodgers' breakout outfielder has spoken publicly about the personal toll of the administration's immigration policies, saying his parents and sister are directly affected. It is a story that sits at the intersection of sports, immigration enforcement, and the human consequences of executive action.
That's the tape. Markets Desk, signing off the floor.