Stock Index Futures Tumble as Oil Jumps After Trump Says U.S.-Iran Ceasefire Is Over, FOMC Minutes on Tap

Stock index futures have tumbled following an increase in oil prices after Trump announced the end of the U.S.-Iran ceasefire. Simultaneously, government bond yields in the U.S. and Europe have risen in response to this geopolitical shift. Market participants are now awaiting the release of the FOMC minutes. These developments reflect immediate financial market reactions to the termination of the ceasefire agreement and the subsequent impact on energy costs and sovereign debt yields.