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U.S. futures rebound, oil eases after Trump says Israel and Iran seek ceasefire

U.S. futures rebound, oil eases after Trump says Israel and Iran seek ceasefire

Nasdaq 100 futures led gains as chip stocks recovered and crude pulled back from above $92-$94 a barrel after President Donald Trump said immediate ceasefire efforts and final peace talks were underway.

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Fact Check
The Kobeissi Letter X post on June 7, 2026 is the direct origin of the claim, stating oil rose +4% to $94/barrel after Israel attacked Beirut and Iran retaliated with ballistic missiles. CBS News' live blog independently confirms that on June 7, 2026, Israel struck Beirut's southern suburbs and Iran launched missiles at Israel for the first time since the April 8 ceasefire. Daily News Egypt and other market reports confirm WTI crude trading around or above $94 amid these escalations. The headline phrasing ('surge over 4% to $94') exactly matches the Kobeissi post.
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Summary

U.S. stock-index futures swung from earlier losses to gains as investors reacted to Iran-Israel hostilities, spillover into Lebanon and then comments from President Donald Trump that Israel and Iran were seeking an immediate ceasefire and that final peace talks were underway. Newer reports said Nasdaq 100 futures rose as much as 1.65%, while S&P 500 futures gained about 0.6% and Dow futures added about 85 points, with Micron, Nvidia and Broadcom rebounding from a chip-led selloff. Oil briefly rose above $92 a barrel and toward $94 before easing, while Bitcoin and other cryptocurrencies were volatile as risk sentiment shifted.

Terms & Concepts
  • Nasdaq 100 futures: Contracts that track the expected value of the Nasdaq-100 index before regular stock-market trading begins.
  • risk appetite: Investor willingness to buy assets perceived as riskier in pursuit of higher returns.
  • ceasefire: An agreement or declared halt in fighting between opposing sides.