U.S. stock index futures moved modestly higher Wednesday as investors reacted to reports that Iranian officials had reached out indirectly to the United States to discuss potential terms for ending the escalating conflict in the Middle East.
According to reports, operatives linked to Iran’s intelligence services contacted the CIA through a third country shortly after the conflict began. While the outreach raised hopes of diplomatic progress, U.S. officials remain skeptical that either side is prepared to move toward a near-term ceasefire.

Futures Turn Positive After Volatile Sessions

After two turbulent trading days on Wall Street, futures markets signaled a cautious rebound.
Dow Jones futures rose slightly, gaining about 19 points, while S&P 500 futures advanced roughly 0.16%. Nasdaq-100 futures climbed around 0.23%, reflecting stronger interest in technology shares.
Some of the biggest gains came from beaten-down AI and semiconductor stocks. Shares of Nvidia rose about 1.4% in premarket trading as investors returned to technology names that had sold off sharply in February.

Energy Markets Still Driving Risk Sentiment

Despite the tentative market recovery, investors remain focused on the risk that the conflict could disrupt global energy supply.
Iran has threatened to target vessels navigating the Strait of Hormuz, a key shipping corridor that carries roughly one-fifth of global oil supply. A sustained closure of the route could push crude prices toward $100 per barrel, analysts warn.
In response to the escalating threats, U.S. President Donald Trump said the United States could provide naval escorts for oil tankers moving through the strait while offering political-risk insurance to support shipping companies.
Energy companies showed mixed reactions. Shares of ConocoPhillips slipped slightly in premarket trading, while Cheniere Energy traded roughly flat.

Markets Searching for Stability

The conflict between the U.S., Israel, and Iran has entered its fifth day, sending shockwaves through global markets. Oil prices have surged, shipping costs are rising, and several Middle Eastern producers have temporarily halted production.
Investors are now weighing whether diplomatic channels could reduce tensions or whether the conflict could expand into a broader regional energy crisis.
For now, markets appear cautiously optimistic but remain highly sensitive to developments in the Gulf.