Crude oil reaches eight-week high amid U.S.-Iran tensions
Crude oil rises to an eight-week high, supported by a geopolitical premium in energy markets as U.S.-Iran maritime tensions persist. U.S. equities pull back early, with Nasdaq futures the least affected.
S. equities eased in early trading, with Nasdaq futures holding up best as the index complex fell. -Iran maritime tensions kept a geopolitical premium in energy markets. Rate-hike probabilities edged lower ahead of key inflation data, while investors also looked ahead to upcoming corporate earnings and global debt auctions.