US equity futures were firm pre-bell Tuesday as the Dow Jones Industrial Average climbed to a new record amid the anticipated signing of a peace deal between the US and Iran and the reopening of the Strait of Hormuz.
Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.3% higher.
The Dow gained 468.77 points, or 0.92%, on Monday, setting fresh intraday and closing records.
Vice President JD Vance told CNBC in an interview that he expects the peace agreement to keep the Strait of Hormuz open "in a toll-free way for the long term." However, shippers say transit through the area remains unclear in the meantime, according to the report.
Meanwhile, Elon Musk's Space Exploration Technologies (SPCX), known as SpaceX, continued its post-IPO rally, gaining 4.2% in pre-market activity.
Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.8% at $80.83 per barrel and US West Texas Intermediate crude 2.9% lower at $78.41 per barrel.
Housing starts for May, slated for 8:30 am ET, are expected at 1.43 million units annually, according to estimates compiled by Bloomberg. The May import price index is expected to show a 1% month-over-month increase after a 1.9% gain previously. The export price index is projected to rise 0.9%, compared with a gain of 3.3% previously.