(RTTNews) - Slightly higher U.S. futures amid optimism about a U.S.-Iran ceasefire extension point to a positive start on Wall Street on Friday. The Dow futures are up 0.25%, the S&P futures are up 0.1% and the Nasdaq futures are up marginally. Oil prices fell to a one-month low amid hopes of smoother oil flows through the Strait of Hormuz. According to media reports, the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz and begin negotiations over Tehran's nuclear program. U.S. President Donald Trump's approval is awaited. If the deal comes through, Iran would not be able to impose tolls on ships transiting the Strait of Hormuz, while the U.S. would gradually lift its sea blockade on Iranian ports. U.S. stocks recovered from early weakness on Thursday and the major averages ended at new record closing highs. The Dow edged up 0.05%, the S&P 500 climbed 0.58% and the Nasdaq closed 0.91% up. In overseas trading Asian stocks rose broadly on Friday, with optimism around the resonant AI trade, strong earnings from Dell Technologies, and reports of a proposed 60-day ceasefire extension between the U.S. and Iran. The major European markets are up in positive territory amid hopes for a U.S.-Iran peace deal following the two nations agreeing in principle to extend their ceasefire by sixty days. In commodities trading, West Texas Intermediate crude oil futures are down $1.25 or 1.4% at $87.65 a barrel. Gold futures are up $25.00 or 0.55% at $4,557.40 an ounce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Iranian Official
The Iranian government regards the proposed 60-day ceasefire extension as a direct outcome of its steadfast resistance to U.S. aggression and the unlawful sea blockade imposed on its ports. Tehran upholds its sovereign authority over the Strait of Hormuz and its peaceful nuclear program, rejecting any foreign-imposed restrictions while permitting limited negotiations only on equal terms. This development underscores Iran's commitment to defending national interests against external interference.
Israeli
The reported U.S.-Iran ceasefire extension and nuclear talks heighten existential risks for Israel by potentially enabling Tehran's nuclear breakout and sustained financing of proxy networks including Hezbollah, Hamas, and the Houthis. With eased pressures on Strait of Hormuz shipments, Iran could redirect resources toward encirclement strategies targeting the Jewish state, underscoring Israel's imperative for independent defensive capabilities and preemptive deterrence. Such diplomatic shifts demand vigilant monitoring to prevent any erosion of regional security balances.
Neutral
U.S. stock futures rose modestly at the open, with Dow futures up 0.25 percent, S&P 500 futures up 0.1 percent, and Nasdaq futures slightly higher. West Texas Intermediate crude futures fell 1.4 percent to $87.60, a one-month low. Media reports described an unconfirmed preliminary U.S.-Iran agreement to extend a ceasefire by 60 days and resume shipments through the Strait of Hormuz, pending presidential approval.
Western
Markets rose on optimism that a proposed 60-day U.S.-Iran ceasefire extension would neutralize threats to Strait of Hormuz shipping lanes and enable targeted nuclear negotiations. Oil prices fell to a one-month low as the deal advances strategic objectives of securing energy flows and gradually easing the U.S. naval blockade. Major indices closed at records amid these developments.
Pro-Peace
The reported U.S.-Iran ceasefire extension offers tentative relief after prolonged tensions that have already disrupted vital shipping routes like the Strait of Hormuz, driving up costs for food, medicine, and fuel that burden civilians across the region. Market gains and falling oil prices mask the deeper humanitarian toll of blockades and conflict, which have compounded economic hardship and displacement for ordinary Iranians. Sustained diplomacy, including nuclear talks, remains essential to avert further casualties and prioritize human welfare over strategic posturing.
Global South
From a Global South vantage, the reported US-Iran ceasefire extension exposes how Washington’s sea blockade and sanctions function as neo-colonial levers to dictate terms over the Strait of Hormuz, an international waterway whose security should rest with littoral states rather than external powers. Tehran’s constrained ability to impose tolls or safeguard its energy sovereignty underscores the asymmetry, while oil-price volatility directly burdens import-dependent economies across Asia, Africa and Latin America. Institutional mechanisms meant to mediate such disputes have again proven captive to great-power bargaining, leaving smaller nations to absorb the fallout.
(RTTNews) - Slightly higher U.S. futures amid optimism about a U.S.-Iran ceasefire extension point to a positive start on Wall Street on Friday. The Dow futures are up 0.25%, the S&P futures are up 0.1% and the Nasdaq futures are up marginally. Oil prices fell to a one-month low …
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Compare how Western, Iranian, Israeli, Global South, and Pro-Peace perspectives frame this event.
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International mediators have proposed a 10-day ceasefire between the United States and Iran, according to a senior Iranian official cited in reports. The measure is described as intended to reduce hostilities and allow renewed talks on a prior interim agreement.
Both sides are assessing next steps in the current regional security situation.
Reports indicate that a US-Iran ceasefire has broken down amid renewed fighting, with the potential impact of mediation efforts by Pakistan, Qatar, and Oman remaining unclear. Earlier diplomatic steps included a June memorandum of understanding between the parties for further negotiations and talks hosted in Geneva in February.
The summary also references Europe’s historical role in diplomacy, including the 1814-15 Congress of Vienna.
Donald Trump stated in a Fox News interview that his representatives had spoken with Iranian officials an hour earlier and that those officials wanted to make a deal to end the conflict, though he noted they had broken prior agreements and expressed uncertainty about whether one would be reached.
He added that people do not want to die and that Iran would need to proceed carefully to avoid further losses. The remarks come amid an ongoing US-Iran conflict that has involved casualties and shipping disruptions in the Strait of Hormuz, with some social media users criticizing the repetition of similar statements.
Why the Iran-US ceasefire is falling apart Iran and the US have resumed fighting because they don’t see each other as ‘reliable negotiating partners’, says analyst Ali Vaez. Neither Iran nor the United States seems able to deliver a “knockout blow at an acceptable price” to the other side, and both know “they have no choice other than engaging in diplomacy”, but they’re not ready to make uncomfortable concessions, argues Ali Vaez, director of the Iran Project at International Crisis Group.
Vaez tells host Steve Clemons that Tehran and Washington are trying to “enforce their own interpretation” of the ceasefire agreement they signed last month. President Trump has become “frustrated” with diplomacy because he’s not seeing “the kind of quick results that he likes to see”, Vaez says.