QCP Group: U.S.-Iran MOU Eases Risk Premium as S&P 500 Futures Hit Record and Oil Falls Below $75

QCP Group said a weekend memorandum of understanding (MOU) between the United States and Iran helped ease geopolitical risk expectations, lifting risk assets broadly. According to ChainCatcher, the market is pricing in a reopening of shipping through the Strait of Hormuz, reducing the perceived risk of energy supply disruptions. QCP Group noted that S&P 500 index futures opened more than 100 points higher and broke to a record high, while crude oil fell below $75 per barrel.