Traders work on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
U.S. stock futures fell Thursday, weighed by higher oil prices, as traders followed the latest developments out of the Middle East.<\/p>\n
S&P 500 futures<\/a> and Nasdaq 100 futures<\/a> shed 0.8% and 1%, respectively. Futures tied to the Dow Jones Industrial Average<\/a> fell by 351 points, or 0.8%.<\/p>\n Crude prices rose on Thursday, putting pressure on equities. Brent futures jumped 3.8% to $106.07 per barrel. West Texas Intermediate climbed 3.5% to $93.45.<\/p>\n Iran’s foreign minister reportedly<\/a> told state media on Wednesday that top authorities in the Middle Eastern nation are reviewing an American proposal<\/a> to end the war, but Tehran has no intention of having talks with the U.S.<\/p>\n On Thursday, however, President Donald Trump said in a Truth Social post that Iran “better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty.”<\/p>\n Gulf countries also issued a joint statement Thursday condemning Iran’s “criminal” strikes on their energy infrastructure. They added that they are ready to defend themselves going forward. “While we value our fraternal relations with the Republic of Iraq, we call on the Iraqi government to take the necessary measures to immediately halt the attacks … toward neighboring countries,” the joint statement.<\/p>\n Wall Street is coming off a winning session, putting the major averages on track for a winning week. But Kate Moore, chief investment officer of Citi Wealth, believes that investors seem too sanguine that a resolution is coming.<\/p>\n