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Dow E-minis were down 0.48%, S&P 500 futures 0.45% and Nasdaq 100 futures 0.86% at 07:17 a.m. ET. Crude jumped 4% to around $108 a barrel as investors weighed the conflict and its inflation impact.
Dow, S&P 500 and Nasdaq 100 futures fell after President Donald Trump rejected an Iranian proposal to end the conflict. Crude jumped about 3% and longer-dated Treasury yields hit fresh multi-decade highs.
US stock index futures dropped on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, leading to a spike in crude prices that rekindled inflation concerns and drove Treasury yields higher.Iran announced a peace proposal at last week's United Nations General Assembl…