FX.co ★ US Stocks Set for Muted Open

On Monday, U.S. stocks appeared to be set for a subdued opening as markets evaluated the effects of a U.S. strike on Iran and its potential ramifications for energy markets and future conflicts in the Middle East. Futures contracts linked to the three major indices indicated a slight decline of approximately 0.2%. Over the weekend, U.S. forces targeted Iranian nuclear infrastructure, despite U.S. President Trump previously dismissing the likelihood of an imminent attack. In response, Iran pledged harsh retaliation, with its parliament supporting the obstruction of the Strait of Hormuz. However, oil tankers continued their passage through the region, and crude oil prices receded from their initial surge, easing concerns about rising inflation. Chevron and ExxonMobil were anticipated to open with a 1.5% increase, marking a more noticeable rise compared to the more restrained movements observed in WTI futures. Meanwhile, shares of Tesla remained relatively stable following the company's introduction of driverless taxi services to passengers on Sunday.