The US-Iran military standoff temporarily eases, oil prices drop by about 5%, and Dow futures surge over 300 points

1. After carrying out 13 consecutive days of military strikes against Iran, the United States suddenly suspended its airstrike operations last Friday night (24th) without providing any official explanation. A senior Iranian official stated that as long as the US side stops its attacks, Iran will also cease retaliatory strikes simultaneously. Previously, an advisor to President Trump revealed that the United States had no remaining viable targets to attack and expressed concerns over the depletion of weapon stockpiles, prompting the suspension of airstrikes.2. Affected by this news, international oil prices fell sharply in early trading during Monday's Asian session. Brent crude oil futures and New York crude oil futures both dropped by approximately 5%, currently quoted at $91.87 and $84.76 per barrel, respectively. Meanwhile, US stock index futures collectively rose, with Dow futures once climbing over 300 points. S&P 500 futures and Nasdaq index futures are currently up by 0.63% and 1.2%, respectively.3. US Ambassador to the United Nations Volker said that Trump's decision to suspend military actions aims to gain more time and space for diplomatic efforts. However, a senior Iranian source pointed out that Tehran does not believe the US ceasefire represents a substantive shift in its negotiating position and remains skeptical about the pause, seeing it as merely a tactical adjustment.4. HSBC US interest rate strategist Dhiraj Narula analyzed that the rebound in oil prices once led markets to expect that the Federal Reserve might need to maintain tightening policies for a longer period. However, he also pointed out that despite rising energy prices, inflation expectations remain relatively contained. This is mainly due to Fed officials sending a tougher signal on maintaining price stability, which has effectively prevented the impact of oil prices from being transmitted to long-term inflation expectations.