Oil jumps, US stock futures fall after Trump says no need for Iran deal

The speed and direction of the move matter more than the levels: a single remark on Iran repriced crude, equities and Treasuries within minutes, which shows how thinly positioned markets are around geopolitical headlines. The split between a 1.4% Nasdaq futures drop and a 0.2% Dow slip signals the hit is concentrated in rate-sensitive growth names, reinforced by the 10-year yield pushing above 5%. The open question is whether this is a one-headline repricing or the start of a sustained risk-off shift — watch whether oil holds its gains and whether yields stay elevated once the initial reaction fades.