US stock futures slipped on Monday after fresh efforts to restart US–Iran peace talks stalled, keeping investors on edge amid ongoing geopolitical strains. President Donald Trump canceled plans to dispatch senior envoys to Pakistan for a second round of discussions with Iran, while Tehran reiterated that it would not enter negotiations under conditions of threats or blockade.
Oil prices rallied again as the Middle East conflict moved into its ninth week and the Strait of Hormuz remained effectively shut, stoking inflation worries and reinforcing expectations that central banks may keep interest rates elevated for longer—or potentially tighten policy further.
At the same time, investors are shifting their attention to this week’s earnings reports from megacap technology companies, including Microsoft, Amazon, Alphabet, Meta, and Apple. The Federal Reserve is widely expected to leave its policy rate unchanged at its meeting on Wednesday.
