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May 4, 2026 4:00 AM

Stock Futures Mostly Tick Higher As Oil Retreats— Trump Unveils 'Project Freedom,' Iran Pushes Back

U.S. stock futures mostly advanced on Monday, as President Donald Trump announced “Project Freedom” to guide ships of neutral countries stranded in the Strait of Hormuz out of restricted waters.

S&P 500 futures gained 12.25 points, or 0.17%, to 7,270.25 and Nasdaq 100 futures advanced 100.25 points, or 0.36%, to 27,936.00 as of 2:11 a.m. EST, while futures tied to the Dow Jones Industrial Average eased 16 points, or 0.032%, to 49,630.00.  

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Sean Duffy Says Gas Prices Could Drop Fast If Strait Of Hormuz Reopens: 'You'll See Prices Come Down…Immediately'

Iran Warns On Trump’s Announcement

Trump, on Sunday, said the U.S. will begin a humanitarian operation to assist vessels from neutral countries that are stuck due to Iran's blockade and are running low on essential supplies like food and water.

“We have told these Countries that we will guide their Ships safely ...