Good morning, you're tuned in to Markets Desk, and here's where things stand.
Oil is leading the session higher after President Trump escalated rhetoric during the opening round of U.S.-Iran talks Sunday, threatening Tehran directly over the Strait of Hormuz. U.S. crude futures jumped two point one percent to seventy-eight dollars and nineteen cents a barrel, with Brent tracking close behind as traders priced in fresh geopolitical risk premium.
That same tension is weighing on equities. Dow futures dropped one hundred ninety-one points, or roughly thirty-seven hundredths of a percent, while S&P five hundred futures fell fifty-two hundredths and Nasdaq futures shed nearly three quarters of a percent. The market had been holding up remarkably well, but the Iran situation is a reminder of how quickly risk appetite can reverse on a headline.
Which brings us to Jamie Dimon, who says the resilience shouldn't surprise anyone into complacency. Despite the S&P five hundred climbing nearly eighty percent over five years, Dimon is warning of what he calls a little tsunami building beneath the surface of the economy, pointing to persistent inflation pressures, geopolitical fragility, and stretched valuations as forces the market has chosen to underestimate.
That's the tape. Markets Desk, signing off the floor.
