U.S. Stock Futures Climb, Oil Prices Rise on Hopes for U.S.-Iran Peace Talks

U.S. stock futures are trading higher and oil prices are climbing as Wall Street assesses the latest developments in the U.S.-Iran conflict. Reports indicate that the U.S. and Iran have agreed to a 'stand down for now' and that talks remain 'on track' following recent military actions near the Strait of Hormuz. Investors are also anticipating a series of labor market data releases throughout the week.