US Futures Slip Despite Trump's 60-Day Iran Sanctions Waiver

Key Facts

Amid lingering geopolitical uncertainty weighing on risk appetite, markets failed to sustain momentum despite signs of a temporary diplomatic thaw. Futures tracking the Dow Jones, S&P 500, and Nasdaq 100 declined on Tuesday following a mixed close for Wall Street on Monday. This downward pressure persisted even after President Trump announced a 60-day waiver on Iran sanctions, a move intended to provide a window for further negotiations.

These movements occur as investors monitor stability in energy and commodity prices, where sanction policies often dictate global sector sentiment. Compared to previous geopolitical shifts, analysts suggest that much of the de-escalation news may have already been priced in, limiting the positive impact of the waiver on futures. Per market data, the focus is now shifting toward the long-term sustainability of this diplomatic pause and its broader effect on global trade flows.

Traders should watch key technical support levels as the SPCX instrument stood at $154.6 (close June 22, 2026), having tested a low of $154 during the session. Looking ahead, the economic calendar highlights US Retail Sales and the Federal Reserve's interest rate decision on June 17 as critical catalysts that could redefine market liquidity and direction.