In the context of escalating tensions in the Middle East, the United States conducted a series of strikes against Iran, which has led to a significant rise in US equity futures, particularly in the technology and small-cap sectors. As traders reacted to the swift conclusion of these strikes, expectations grew for renewed negotiations regarding a peace deal and the reopening of the crucial Strait of Hormuz. The S&P futures rose by 0.7%, recovering from a five-week low, while the Nasdaq 100 contracts increased by 1.1%. However, Oracle's disappointing quarterly capital expenses report caused its stock to drop by 8%, raising concerns about the profitability of its AI infrastructure business. Meanwhile, the Iranian military announced the immediate closure of the Strait of Hormuz to all vessels, threatening any ships that attempted to cross. This announcement came after the US fired 49 Tomahawk missiles in the strikes, with President Trump emphasizing that Iran must make a choice between war or a new deal. The situation has created a complex backdrop for global markets, with rising oil prices and a decline in Asian stocks reflecting the ongoing geopolitical tensions. The US Secretary of War, Hegseth, indicated that Central Command would remain active in the region, and further strikes against Iran were anticipated if negotiations did not progress. As the situation unfolds, the European Central Bank is also expected to deliver a 25 basis point hike, which will be closely monitored by investors for future monetary policy signals.