Stock market today: S&P 500, Nasdaq, Dow futures fall as US-Iran tensions flare up again to shutter Hormuz

Deutsche Bank strategist Henry Allen says markets and investors are right not to overreact to the Iran war.

Kuwait declared force majeure on shipments of crude oil and refined products as the blockade of the Strait of Hormuz makes it impossible to meet obligations to customers that can’t bring vessels into the Persian Gulf.

Eni SpA and Repsol SA plan to start exporting natural gas from Venezuela by the end of 2031 after reaching a deal with Caracas to revive a long-stalled effort to expand production from a massive offshore field.