Iran War: US Strikes Targets Near Hormuz With No Deal in Sight | The Opening Trade 5/28/2026
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Stocks fell while oil and bond yields climbed after fresh attacks in the Middle East fueled doubts over whether an end to the war is imminent. S&P 500 futures slipped 0.2%, pointing to the benchmark’s first decline in more than a week. Nasdaq 100 contracts dropped 0.3%. Brent rose 2.9% toward $97 a barrel after the US carried out airstrikes on an Iranian military site, clouding hopes for a diplomatic breakthrough. Bonds fell around the world as central bankers pointed to the inflationary risks stemming from the conflict. The latest upheaval between the US and Iran shows the fragility of the ceasefire and the push for a deal that traders have long seen as only a matter of time. The prospect of oil-driven inflation is also building across the global economy, with the Federal Reserve’s preferred inflation gauge expected to climb closer to 4% in data due Thursday. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else,
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