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[MARKET UPDATE] US equity futures rally and oil prices slump following US President Trump's announcement of a two-week extension on Iran deadline

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Today's market highlights

A selection of stories drawing attention in the market.

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Geopolitics

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes

Geopolitics

Arab sources report missile attack on Bahrain, Fars reports