semiconductor / news / / CNBC TV18
Markets turn cautious: Dow, Nasdaq futures dip on shaky US-Iran ceasefire.
US and Iran have agreed to a tentative two-week ceasefire to reopen the Strait of Hormuz.
KEY POINTS
- Despite the ceasefire, vessel traffic through the Strait of Hormuz remains limited.
- West Texas Intermediate crude prices surged 5% to above $99 per barrel amid ongoing tensions.
- Investors are awaiting US PCE inflation and jobless claims data due later today.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →