Stock futures were set to open up while oil prices pulled back on renewed optimism that the U.S and Iran are closing in on a deal that would reopen the Strait of Hormuz.

Brent crude climbed back above $96 a barrel Tuesday after briefly falling below $94 on hopes a deal to end the war was near

Global equities rise and oil drops 5-6% on US-Iran Strait of Hormuz deal optimism. Bitcoin nears $82K as crypto tracks geopolitical risk sentiment.