Stock Futures Fall 0.2% on Iran Tensions; Oil Prices Rise 2%

AI Summary

Stock futures saw declines with the Dow Jones Industrial Average falling 0.2% (130 points) and S&P 500 futures dropping 0.3%. Oil prices increased, with West Texas Intermediate surging 2% above $96 a barrel and Brent oil rising 2% to exceed $107 per barrel, amid stalled Iran peace talks and increased tensions in the Strait of Hormuz. The S&P 500 and Nasdaq Composite recorded all-time highs last week, with the S&P up more than 9% and the Nasdaq over 15% this month. The Federal Reserve is set to make a significant policy decision on Wednesday that may impact markets.