US Stock Futures Gain 0.2%, Oil Falls 2% on Iran Deal Prospects

On Monday (May 4), US stock futures rose as improving risk sentiment was buoyed by prospects of shipping resuming through the Strait of Hormuz and progress toward a US-Iran deal. S&P 500 Index futures gained 0.2% after the underlying gauge closed at a record high on Friday. Brent crude declined 2% in early trading, while the dollar edged lower against most major peers.

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