Morning Movers: Beazer jumps after revised Dream Finders acquisition proposal

Stock futures are lower ahead of the opening bell as renewed fighting between the U.S. and Iran sends oil prices sharply higher. President Donald Trump said a ceasefire aimed at ending the conflict was "over," fueling concerns that last month's deal has unraveled. Brent and West Texas Intermediate crude have climbed more than 5% on fears that renewed hostilities and attacks near the Strait of Hormuz could disrupt global energy supplies. The rally is boosting shares of oil producers, while weighing on airlines, cruise operators and other travel-related stocks that are sensitive to higher fuel costs. Technology is also under pressure as semiconductor stocks continue to struggle. The Philadelphia Semiconductor Index has extended its recent decline, reflecting growing investor caution after the sector's outsized gains earlier this year. Investors will also be watching this afternoon's release of the Federal Reserve's June meeting minutes for additional insight into policymakers' views on inflation and interest rates. However, with oil prices climbing and geopolitical tensions escalating, markets may place greater emphasis on developments in the Middle East than on backward-looking.