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Oil Prices Tumble as Iran Deal Hopes Lift U.S. Stock Futures

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One Diplomatic Headline Sends WTI Down 4%

A weekend media blitz on US-Iran backchannel talks wiped out two weeks of geopolitical risk premium in a single holiday session. Energy stocks are on the back foot; airlines, freight, and long-duration tech are catching a tailwind.

U.S. Stock Futures Rise as Iran Deal Hopes Ease Oil Shock Fears

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U.S. Stock Futures Climb as Iran Diplomacy Signals Ease Middle East Risk Premium

U.S. equity futures rallied across the board on Memorial Day as weekend reports of a U.S.-Iran diplomatic framework sent WTI crude tumbling more than 4% — unwinding two weeks of built-up Middle East risk premium in a single holiday session.

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