Stock market today: Dow, S&P 500, Nasdaq future rise as Wall Street keeps watch on Hormuz

Market Overview - US stock futures rose on Monday, with Dow Jones Industrial Average futures up approximately 0.2%, S&P 500 contracts increasing by 0.4%, and Nasdaq 100 futures rising by 0.5% amid ongoing concerns about the impact of rising oil prices on the Federal Reserve's interest rate decisions [1][4]. Oil Prices and Economic Impact - Oil prices have surged, with US and international crude benchmarks exceeding $100 per barrel for the first time since 2022, driven by geopolitical tensions and supply disruptions [3][7]. - The Federal Reserve is closely monitoring the inflationary impact of rising oil prices as it prepares for a two-day policy meeting, with expectations that interest rates will remain unchanged [4][8]. Geopolitical Developments - The conflict in the Middle East, particularly the situation in the Strait of Hormuz, continues to affect market sentiment, with President Trump urging allies to assist in breaking Iran's blockade [2][6]. - The ongoing war in Iran has led to significant disruptions in oil supply, contributing to the volatility in oil prices and raising concerns about sustained inflation [7][8]. Corporate Events - Nvidia's annual GTC conference is set to begin, featuring a keynote speech from CEO Jensen Huang, which may influence market sentiment in the tech sector [4].