Futures Slip as Hormuz Blockade Quietly Elevates Geopolitical Risk
TL;DR Summary
U.S. stock futures fell about 1% after President Trump announced a naval blockade of the Strait of Hormuz in response to failed Iran talks, sending crude prices higher and heightening concerns about a prolonged conflict; the market is awaiting earnings from Goldman Sachs and peers as investors weigh geopolitical risk alongside a cautious start to first-quarter reporting.
- Dow futures drop 500 points after Trump announces Strait of Hormuz blockade as talks fail: Live updates CNBC
- Iran war live: US military to block Iranian port traffic in Hormuz Strait Al Jazeera
- US military says blockade of Iran's ports to begin Monday, after Tehran says it will not 'surrender' BBC
- U.S. Threat to Blockade Hormuz Sets Up Risky New Showdown WSJ
- Why Trump is threatening to blockade a strait that Iran is already blockading CNN
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