US stock futures jump as Trump signs interim Iran deal; oil falls 1.9% to $75.33

US equity futures climbed and oil prices fell after President Donald Trump signed an interim agreement with Iran at the Palace of Versailles aimed at ending the war and reopening shipping through the Strait of Hormuz. The memorandum is in effect, a US official said, though it was unclear whether Iran had immediately taken steps to fully reopen the strait. WTI slid 1.9% to $75.33 a barrel and Brent fell more than 1.5%, while Nasdaq futures gained 1.5% and S&P 500 futures rose 0.8%. The move eased geopolitical tail risks and helped lift risk sentiment after the Federal Reserve’s hawkish hold.