US Futures Climb as Oil Retreats on US-Iran Talks

US stock futures rose and oil prices pulled back after reports of progress in talks between the United States and Iran, easing concern about potential disruptions to Middle East crude supplies.

Futures tied to major U.S. indexes climbed in overnight trade, led by gains in technology and industrial sectors that typically benefit from lower energy costs and reduced geopolitical risk.

Benchmark Brent and West Texas Intermediate crude futures retreated after recent gains as traders lowered the risk premium on near-term supply disruptions.

Gold prices eased and U.S. Treasury yields inched higher as traders rotated into growth-sensitive positions.

Market participants pointed to public and private statements from officials involved in the talks that indicated negotiators had narrowed differences on several issues, which reduced some pressure on oil markets.

Energy stocks underperformed while technology and industrial names showed relative strength in premarket action.

Traders noted momentum in the talks partially offset earlier upward pressure on oil from tight global supply and production decisions by major producers. Commodity data this week showed continued demand resilience, but diplomatic developments tempered price moves.

Currency markets recorded a modestly firmer dollar after yields rose, though moves remained limited ahead of scheduled economic releases.

Investors cautioned the situation remains fluid and warned that setbacks in the talks or new regional incidents could reverse the recent market reaction. Market participants will watch for further official statements, any agreement from negotiators and upcoming economic data that could affect risk sentiment and oil prices.