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BREAKING: US stock futures are sharply down ahead of market open as oil prices regain the $94 mark.
The Dow Jones Industrial Average is down -0.77%.
The S&P 500 is down -0.83%.
The Nasdaq is down -1.08%.
The Russell 2000 is down -1.23%.
Meanwhile, WTI crude oil prices have regained the $94 per barrel level.
The market is reacting to the increasingly faint hope for a ceasefire as Iran officially rejects the US’s 15-point peace proposal.
Additionally, the IRGC naval commander responsible for closing the Strait of Hormuz has been killed, indicating that the conflict is escalating again.