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US stock futures drop and oil prices rise after Trump rejects Iran's peace offer as 'totally unacceptable'

Market News
10 May 2026
Market Watch
View Source
Bearish
pluang ai news

U.S. stock-index futures declined and oil prices increased following President Donald Trump's rejection of Iran's latest response to a U.S. peace proposal, calling it 'totally unacceptable.' This development raises concerns about escalating tensions in the Middle East, where Iran has effectively blocked oil flow through the Strait of Hormuz since a joint U.S.-Israel offensive began in February. The situation could further disrupt global oil supplies and impact markets.

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