US stock futures rise as Trump's Iran talks lower oil prices; jobs report, earnings and markets in focus
US stock futures rose on Monday, with Dow Jones futures up over 330 points (0.6%) and S&P 500 and Nasdaq-100 futures up about 0.5%.
President Donald Trump called off a planned attack on Iran and new talks will begin on Monday, causing oil prices to drop sharply, with Brent crude falling as much as 7.3% to around $81.55 a barrel.
The July US jobs report is due Friday, with expectations of 87,500 jobs added and unemployment rate rising to 4.3%.
An LNG tanker carrying gas from Qatar was struck by a projectile in the Strait of Hormuz, and shipping through the waterway remains uncertain.
Major OPEC+ countries approved a small increase in production quotas, completing the planned return of supplies cut in 2023.
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