US stock futures stagnate, investors focus on ceasefire agreement between Washington and Tehran

After seven consecutive days of gains, US stock futures stagnated as investors assessed the sustainability of the fragile ceasefire agreement between Washington and Tehran, while oil prices experienced their largest weekly decline in nine months. The S&P 500 and Nasdaq 100 futures are tied, but both indices have still seen strong gains this week. The two-week ceasefire agreement has driven the stock market up and oil prices down, and traders are seeking long-term signs of easing. US President Trump expressed optimism while warning Tehran about the cost of the Strait of Hormuz.