Oil prices sink, stock futures rally as U.S. and Iran pause attacks, Wall Street awaits busy week

U.S. stock-index futures and the Kospi index rallied as oil prices tumbled following a pause in fighting between the U.S. and Iran. Wall Street is now focusing on the upcoming Fed meeting and key Big Tech earnings reports. Simultaneously, Iran and Oman are engaged in talks to facilitate vessel transit through the Strait of Hormuz with fewer restrictions. These geopolitical developments and anticipated economic data are driving current global market movements.