Futures Jump, Oil Tumbles As Well-Timed Comments Spark Latest Round Of Hormuz Optimism

Pakistan defense minister signaled US-Iran near agreement on Hormuz, triggering algo buying: S&P +0.2%, Nasdaq +0.4%, Brent down $3 to $87. Market pursues cyclical Hormuz optimism while crude reserves deplete, raising energy costs for tech firms mobilizing $500B for AI infrastructure.