US stock futures fall, crude oil jumps over 5% after reports of attack on US warship in Strait of Hormuz

US stock futures erased early gains and turned lower while Brent crude surged over 5 percent after reports of an attack on a US warship in the Strait of Hormuz, escalating Middle East tensions. The risk-off move also dragged European stocks into the red and lifted the dollar.

May 4, 2026 - 15:00
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US stock futures fall, crude oil jumps over 5% after reports of attack on US warship in Strait of Hormuz
US stock futures erased early gains and turned lower while Brent crude surged over 5 percent after reports of an attack on a US warship in the Strait of Hormuz, escalating Middle East tensions. The risk-off move also dragged European stocks into the red and lifted the dollar.

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