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December S&P 500 E-Mini futures (ESZ26) are down -0.56%, and December Nasdaq 100 E-Mini futures (NQZ26) are down -1.08% this morning as oil prices climbed amid fading hopes for U.S.-Iran diplomacy, pushing Treasury yields higher and sapping risk appetite.
Trump on Wednesday threatened a “much higher level” of bombings on Iran, indicating a potential escalation of attacks if the country did not agree to the deal from Washington.
Oil jumps on Strait of Hormuz tensions as US stock futures slip.