U.S. Stock Futures Drop 0.20% on July 14 as Trump Announces Iran Sanctions, Brent Crude Surges 9%

SPX500-0.61%
NAS100-0.99%
According to Yonhapinfomax, on July 14, U.S. stock index futures fell amid escalating Middle East tensions after President Trump announced plans to reinstate sanctions on Iranian vessels. E-mini S&P 500 futures declined 0.20% to 7,548.00, while E-mini Nasdaq 100 futures dropped 0.08% to 29,456.75 as of 9:48 a.m. Korean time. Trump's statement via Truth Social stated he would "resume the Iran blockade to prevent Iranian vessels and Iranian customers from entering and exiting." International crude oil prices surged sharply in response, with Brent crude climbing over 9% to mark its largest daily gain since 2020. U.S. equity markets weakened amid concerns about inflation driven by rising energy prices. The U.S. dollar index fell 0.03% to 101.244.
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