Dow futures surged over 400 points as Trump postponed a military strike on Iran, triggering a sharp drop in oil prices and Treasury yields. Markets reacted to Friday’s reports of looming strikes, which had fueled energy costs and geopolitical anxiety — especially around critical supply routes like the Strait of Hormuz. While investors cheered the de-escalation, analysts urged caution, noting past volatility and lingering uncertainty. August begins with a focus on stabilization after a turbulent July, as key data like the July nonfarm payrolls report looms. Globally, Europe rose, Asia mixed, and Australia ended positive.
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