US stocks set for positive open as traders hope for US-Iran peace deal

US equity futures pointed higher as traders priced in growing optimism around a potential peace framework between Washington and Tehran. The S&P 500 and Nasdaq have already touched record highs on deal-related sentiment in recent weeks, and the mood heading into the session suggested more of the same.

The deal on the table

The US and Iran are reportedly nearing a preliminary agreement to extend a ceasefire by 60 days. A temporary ceasefire was first announced on April 7, and negotiators from both sides have since worked through a series of de-escalation steps that have gradually eased tensions in the region.

Oil prices have drifted toward multi-week lows as the perceived risk of a major supply disruption has faded. Stocks have responded accordingly, with major indices pushing into record territory during May.

But final approval still hinges on President Trump, and implementation details remain a moving target. That uncertainty has kept a lid on the most aggressive positioning, with many traders describing a sense of “headline fatigue” after weeks of whiplash between escalation and de-escalation.

Bitcoin: the geopolitical mood ring

Bitcoin dropped below $73,000 following US strikes near the Strait of Hormuz between May 25 and 27. That selloff triggered up to $1 billion in leveraged liquidations across crypto assets.

Bitcoin has since recovered slightly on the back of peace deal optimism, tracking equity sentiment almost in lockstep.

Adding another layer to crypto’s geopolitical entanglement: the US seized approximately $450 million in Iranian digital assets as part of broader enforcement actions.

ETF outflows have limited upside potential for Bitcoin in particular, suggesting that institutional appetite is more cautious than the headline price action might imply.

What this means for investors

For equity investors, the setup is cautiously favorable. Record highs on the S&P 500 and Nasdaq suggest that the market has already priced in a significant probability of a deal getting done.

For crypto holders, the $1 billion liquidation cascade from the late-May strikes illustrates how quickly leveraged positions can unwind when sentiment flips.

The $450 million seizure of Iranian digital assets signals that enforcement capabilities around blockchain transactions are maturing rapidly.

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