(Il Sole 24 Ore Radiocor) - Milano, 4 mag - US futures were lower as oil prices rose on reports of growing tension in the Strait of Hormuz.

Wall Street racked up gains last week with the S&P 500 and tech-heavy Nasdaq both closing at new highs. The two indexes rose 0.3% and 0.9% respectively on Friday while the Dow lost 0.3%.

In a post on his social media platform, US president Donald Trump announced that the US would 'use best efforts' to get ships not involved in the US-Iran conflict out of the Strait, the narrow waterway that handled roughly a fifth of global energy flows before the conflict erupted.

Iran replied by threatening to attack US warships and any commercial vessels looking to pass through the waterway without Iranian permission.

Iranian media then said today Tehran had launched an attack on a US patrol ship while a US warship in the Strait of Hormuz had been turned back. Washington denied the reports.

On the stocks front, shares in eBay were up 8.7% in premarket trade after GameStop CEO Ryan Cohen made an unsolicited bid for the e-commerce company worth around 56 billion dollars.

The earnings season meanwhile marches on with Tyson Foods due to report its latest quarter before market open today while Palantir and Paramount Skydance will unveil earnings after the closing bell.

Futures on the Dow Jones were down 183.00 points, or 0.37%, S&P 500 futures were down 6.25 points, or 0.09%, while.

futures on the Nasdaq were down 2.25 points, or 0.01%.

(RADIOCOR) 04-05-26 13:55:55 (0326) 5 NNNN