Stock futures little changed as Middle East tensions lift WTI above $72 a barrel

According to CNBC, U.S. stock futures were near flat Tuesday, with Dow futures down 9 points and S&P 500 and Nasdaq 100 futures each off about 0.1%, as investors weighed rising Middle East tensions and higher oil prices ahead of minutes from the Federal Reserve’s June meeting due at 2 p.m. ET. U.S. Central Command said the U.S. began a “series of powerful strikes” against Iran on Tuesday evening after attacks on three commercial vessels in the Strait of Hormuz, while the Treasury Department revoked a license that permitted Iran to sell its oil globally; West Texas Intermediate crude futures were up more than 2% to top $72 a barrel. In Tuesday’s regular session, the Dow fell more than 100 points after touching a fresh intraday record, the S&P 500 slipped 0.5% and the Nasdaq Composite dropped 1.2% as chipmakers led declines and investors rotated out of AI-linked stocks.