U.S. futures markets experienced a significant rally on Monday night following President Donald Trump’s announcement of a "ceasefire timeline" concerning the conflict between Iran and Israel. The S&P 500 Futures traded at 6,112.50, reflecting a 0.58% increase, while Nasdaq Futures rose by 0.88% to 22,256.00. Dow Futures also saw a positive movement, climbing 0.55% to 43,136.00 at the time of reporting, just hours after Iran’s missile strikes against U.S. bases in Iran and Qatar on Monday. Trump addressed the situation via Truth Social, declaring a "Complete and Total CEASEFIRE," effective at which point "THE 12 DAY WAR" would be considered concluded. He emphasized that this conflict could have escalated for years, potentially devastating the Middle East, but stated that it "didn’t, and never will," extending congratulations to all parties involved. However, Iranian Foreign Minister Syed Abbas Araghchi swiftly disputed the ceasefire claims, asserting that "no agreement" existed for halting military operations. Araghchi clarified that if the "Israeli regime stops its illegal aggression" against Iran by 4 AM Tehran time, Iran would have no intention of continuing its response. He further indicated that any final decision regarding the cessation of military operations would be made later. Asian markets reacted positively to the news, with Japan’s Nikkei 225 rising 1.02% to 38,746.93, primarily driven by global, export-oriented companies. The situation’s volatility is reflected in the sharp decline of crude oil prices.

The volatility is reflected in the sharp decline of crude oil prices. Brent crude fell by 0.78% to $68.63 a barrel, representing a 12.83% drop from its peak last week, while tensions remained high. These declines impacted key energy ETFs: The United States Oil Fund LP (USO) decreased by 8.07%, and ProShares Ultra Bloomberg Crude Oil (NYSEARCA: UCO) plummeted by 11.23%. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) also experienced a significant drop, down 3.62% and an additional 1.66% after hours. These declines highlight the sensitivity of energy markets to geopolitical events. The United States Oil Fund (USO) exhibits strong momentum and has a favorable price trend in the short, medium, and long term. This dynamic environment underscores the importance of diversified investment strategies.

Despite the easing of tensions in the Middle East, the U.S. Dollar Index (DXY) saw a slight decrease of 0.18%, trading at 98.233. Gold spot prices also decreased by 0.72%, reaching $3,344.41 per ounce. Click here for deeper insights into the stock and how it compares with peers and competitors. Photo courtesy: Maxim Elramsisy / Shutterstock.com. Read More: Oil Was Supposed To Soar On Iran Strikes—It Just Crashed Instead Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock – anytime. © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.