Wall Street futures are rising, supported by hopes of a truce between Washington and Tehran and anticipation of the end of the second quarter.

U.S. stock futures opened higher on Monday, buoyed by easing geopolitical tensions after the United States and Iran announced an agreement to halt military operations and resume diplomatic talks. This development injected some optimism into global markets at the start of a busy week. Dow Jones futures rose by about 170 points, while S&P 500 futures climbed 0.6% and Nasdaq 100 futures gained about 0.7%, indicating improved investor risk appetite.

Despite this rise, markets remain cautious in the face of political developments, as investors believe the continuation of the ceasefire will be the decisive factor in determining market direction in the coming days. While news of the cessation of hostilities has boosted sentiment, any negative developments or unexpected statements could quickly bring back market volatility. The oil market remains at the heart of the situation, after the exchange of attacks in recent days disrupted shipping through the Strait of Hormuz, one of the world’s most important strategic oil transit chokepoints, through which approximately 20% of global oil trade passes. However, officials have confirmed that commercial shipping traffic is expected to return to normal in the near future, which has eased concerns about energy supplies.

In contrast to the optimism seen in US contracts, Asian markets closed with a mixed performance tending towards a decline, with Japan’s Nikkei 225 index falling by 0.8%, the Topix index declining by 0.4%, and South Korea’s Kospi index losing about 1.5%, indicating continued caution among investors regarding geopolitical risks.

Meanwhile, attention is turning to diplomatic efforts, after the United States proposed holding a new round of negotiations with Iran in the Qatari capital, Doha, with talks expected to begin as early as this week. Investors hope these negotiations will lead to a more sustainable agreement that eases pressure on energy markets and restores stability to financial markets.

Analysts emphasize that markets are usually more affected by uncertainty than by the events themselves, so political headlines and geopolitical developments will remain the main drivers of markets in the short term, ahead of corporate results or economic data.

Meanwhile, Wall Street enters the final week of June amid continued portfolio reallocation as the second quarter of the year draws to a close.

US stock indices ended last week with mixed performance, with the S&P 500 index falling by about 2%, while the Nasdaq index dropped by 4.6% due to selling in technology stocks, while the Dow Jones index managed to achieve gains of nearly 0.6%, supported by investors moving into defensive sectors.

On a monthly basis, the S&P 500 is on track to record losses of nearly 3% in June, while the Nasdaq has lost more than 6%. In contrast, the Dow Jones Industrial Average is still holding gains of over 1%. Investors are also awaiting the start of the corporate earnings season next week, which will be the primary driver of the markets once the impact of geopolitical developments subsides. They will also continue to monitor the direction of US monetary policy and developments in the global economy.