US pre-open: Futures fall as US-Iran strikes rattle markets
By Iain Gilbert
Date: Monday 13 Jul 2026
(Sharecast News) - Wall Street futures were in the red ahead of the opening bell on Monday after Iran and the US exchanged airstrikes again over the weekend, with Tehran targeting American facilities in several Gulf states and declaring the Strait of Hormuz closed.
As of 1230 BST, Dow Jones futures were down 0.07%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.29% and 0.85%, respectively.
The Dow closed 149.60 points higher on Friday as US stocks pushed into positive territory, buoyed by renewed optimism in the AI and semiconductor sectors
However, Middle East tensions were in focus ahead of the open on Monday after Donald Trump disputed Iran's claim that the Straight of hormuz had been shut, insisting the key shipping lane remained open to commercial traffic, even after he ordered strikes against Iran after an Iranian attack on a commercial vessel transiting the strait.
Crude prices moved higher prior to the open as tensions escalated, with international benchmark Brent crude rising 3.82% to $78.91 a barrel, while West Texas Intermediate gained 3.79% to $74.12 a barrel.
On the macro front, the Federal Government's June budget statement will be published at 1900 BST.
No major corporate earnings were slated for release on Monday, but this week will still be a busy one for US corporate earnings, with major banks JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo all set to report before the end of the week. Netflix, Johnson & Johnson and UnitedHealth will also report before the week is done.
Reporting by Iain Gilbert at Sharecast.com
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