Market AnalysisSeptember 6 at 06:07 PM

[MARKET UPDATE] US index futures begin the week rangebound, while oil prices are mildly underpinned after the US and Iran launched tit-for-tat strikes on vessels in the Strait of Hormuz over the weekend

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US futures traded rangebound while oil prices were supported by US-Iran clashes in the Strait of Hormuz, though substantial reported crude transit limited broader energy gains.

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[MARKET UPDATE] US index futures begin the week rangebound, while oil prices are mildly underpinned after the US and Iran launched tit-for-tat strikes on vessels in the Strait of Hormuz over the weekend

What do investors think?

Today's market highlights

Iran's Foreign Ministry says the US-led war is disrupting global oil trade and costs, also says US aggression is causing instability in the Hormuz Strait

Iran warns South Korea against Hormuz deployment and threatens to target South Korean assets if Seoul joins the mission