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      Dow Futures Drop 164 Points As Oil Jumps Above $112; Trump Sets Tuesday Deadline On Iran Over Strait Of Hormuz, Tehran Says 'Never Refused' Talks

      On Sunday, U.S. stock futures slipped while oil prices surged as geopolitical tensions escalated after President Donald Trump issued a deadline to Iran to reopen the critical Strait of Hormuz.

      Markets Slide As Oil Rally Signals Supply Shock

      Dow futures fell 164 points, or 0.35%, to 46,568.00.

      S&P 500 futures declined 15.25 points, or 0.23%, to 6,607.00, while Nasdaq 100 futures dropped 23.50 points, or 0.10%, to 24,194.50 as of 8:49 p.m. EDT.

      In commodities, WTI crude futures climbed 0.75% to $112.38 per barrel, while Brent crude rose 1.72% to $110.90 per barrel.

      RBOB gasoline futures edged down 0.01% to $3.2878 per gallon and ULSD heating oil futures advanced 2.77% to $4.4818 per gallon.

      Natural gas futures rose 1.54% to $2.843 per MMBtu.

      Meanwhile, the U.S. dollar index was at 100.238, up 0.05%.

      Asian markets were higher, with Japan's Nikkei 225 gaining 0.73% to 53,509.50, while South Korea's KOSPI rose 1.01% to 5,431.73.

      Trump Issues Deadline Over Strait Of Hormuz

      Trump warned Iran to reopen the Strait of Hormuz by Tuesday evening or face potential U.S. military action targeting key infrastructure.

      In a Truth Social post, Trump said Iran would be "living in Hell" if it failed to comply ...

      Full story available on Benzinga.com


      Source: Benzinga
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