Markets Hold Steady as Iran Ceasefire Talks Surface and Anthropic Valuation Surges

Futures hover near flat as reports of a 60-day extension to the US-Iran ceasefire buoy market sentiment, with Hormuz shipping set to resume as talks continue. Oil prices are slipping for the week amid the optimism, while Anthropic disclosed a $65 billion Series H that pushes its post-money valuation to about $965 billion, fueling expectations of a wave of massive IPOs. Separately, SpaceX is reportedly targeting an IPO valuation around $1.8 trillion. The developments highlight a market environment focusing on geopolitical risk, AI-sector funding, and potential blockbuster public offerings.