Stock Futures Climb as Trump Reportedly Considers End to War

Good morning. Stock futures rise on a report that Donald Trump is mulling an off-ramp from the war. Iran strikes a tanker in the Dubai port area. And Virgin Galactic is booking space trips at $750,000 apiece. Listen to the day’s top stories.

Equity-index futures rose and oil fluctuated after the Wall Street Journal reported that Donald Trump told aides he’s willing to end the US military campaign against Iran even if the Strait of Hormuz remains largely closed. Treasuries extended gains and the dollar weakened against most of its Group-of-10 peers. Bonds advanced earlier after Federal Reserve Chair Jerome Powell said longer-term inflation expectations appear to be in check.

An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai in one of the most significant attacks on a vessel in a month of war. The Al-Salmi was in the anchorage zone of Dubai’s port, just 31 nautical miles northwest of the emirate and in an area packed with ships waiting to exit the Persian Gulf.