Wall Street futures whipsaw as US Iran tensions spark Strait of Hormuz fear

Reports clash on the warship location near Hormuz

Wall Street futures swung sharply on Monday after conflicting reports said a U.S. warship was near the Strait of Hormuz. The uncertainty intensified investor anxiety around Middle East tensions, driving volatility in risk assets. Traders are now watching further updates closely, as any escalation risk could quickly reshape market expectations.