FX.co ★ US Futures Fall as Iran Talks Fail

US stock futures fell on Monday after President Donald Trump announced a blockade of the Strait of Hormuz, following the collapse of weekend talks between the US and Iran. Futures linked to the Dow, S&P 500, and Nasdaq 100 each declined more than 1%. Vice President JD Vance left Islamabad without an agreement, citing Iran’s refusal to curb its nuclear program, while Tehran was reported to have demanded control over the strait, war reparations, and access to frozen assets. The effective closure of this critical shipping corridor has sent energy prices sharply higher and intensified inflation concerns, bolstering expectations that central banks may postpone interest-rate cuts or even move to tighten policy further. On the corporate side, the first-quarter earnings season kicks off this week, with results expected from major banks including Goldman Sachs, Citigroup, Wells Fargo, JPMorgan Chase, Morgan Stanley, and Bank of America.