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Futures of major benchmark indices were lower after President Donald Trump announced a blockade of the Strait of Hormuz.
U.S. announced a blockade of the Strait of Hormuz, impacting global oil and commodity prices.
KEY POINTS
- Peace talks in Islamabad collapsed after 21 hours, with U.S. and Iran unable to reach agreement.
- Crude oil futures surged over 8% to around $104.55 per barrel following the blockade announcement.
- FedWatch tool shows a 96.4% probability that the Federal Reserve will keep rates unchanged in April.
- Goldman Sachs is expected to report $16.41 EPS and $16.93 billion revenue before the market opens.
COMPANIES
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