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“US Stock Futures Recover After Report of Possible Iran Deal to Reopen Strait of Hormuz” 🚨🚨🚨

US stock futures reversed early losses Sunday night after reports that Iran has floated a new proposal—through Pakistan—to reopen the Strait of Hormuz and de-escalate ongoing tensions.

According to Axios, the proposal would involve reopening the key global shipping route while delaying negotiations over Iran’s nuclear program to a later stage. Following the report, S&P 500 futures moved back into positive territory, while WTI crude oil futures pulled back from earlier highs but remained up about 1.6% as of 9:33 p.m. ET.

The Strait of Hormuz—one of the world’s most critical oil transit chokepoints—has been largely disrupted since the conflict began roughly two months ago. Despite a ceasefire agreement tied to reopening the waterway, both Iranian military threats and a recent US naval blockade have severely restricted traffic and Iranian oil exports.

The latest development follows mixed diplomatic signals. President Donald Trump recently canceled a planned trip to Pakistan where high-level negotiations involving special envoy Steve Witkoff and adviser Jared Kushner were expected. Trump also told Fox News that Iran “can come to us, or they can call us” if they want talks.

Markets are now watching closely to see whether this proposed off-ramp signals a broader de-escalation—or just another pause in a volatile geopolitical standoff.