Woofun AI reports that U.S. stock index futures posted modest gains in pre-market trading, with S&P 500 futures up 0.2% and Nasdaq 100 futures rising 0.61%. Dow futures remained largely flat. Global equity markets showed mixed performance, as Japan's Nikkei 225 closed up 1.4% and China's CSI 300 rose 2.5%, while Hong Kong's Hang Seng Index declined slightly.

Escalating tensions between the U.S. and Iran following a shipping incident near the Strait of Hormuz triggered a nearly 1% spike in WTI crude oil futures. U.S. President Trump declared the ceasefire "is over," raising concerns over energy supply risks. Wells Fargo Investment Institute noted that low global crude inventories may sustain high risk premiums for oil prices.

However, the firm expects corporate earnings growth and AI investment to drive the S&P 500 to the 7800-8000 range by year-end. Investors are also monitoring U.S. initial jobless claims, existing home sales data, and PepsiCo's earnings report.