S&P 500 Index Perpetual Futures Hit ATH As Top Republicans Blast Iran Deal

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S&P 500 Index perpetual futures offered by Hyperliquid jumped to a record high today, May 24, as investors cheered the potential US-Iran ceasefire extension deal. It jumped to an all-time of $7,610, ...

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It jumped to an all-time of $7,610, and then pulled back to $7,540 as some top Republicans blasted the deal. \nThe S&P 500 Index jumped, while WTI and Brent crude oil prices dipped in the perpetual futures market after President Donald Trump revealed that a deal to reopen the Strait of Hormuz was near. \nTrump did not disclose details of the agreement. Instead, he promised to share more information soon. In a statement on Sunday, he said he was in no rush to announce the deal, meaning that the details may come later this week.\nHis announcement on Saturday came as most experts predicted that he would launch an attack this weekend. He missed his son's wedding and opted to stay in Washington. \nAlso, the long weekend offered a good opportunity for him to launch the attack as markets will be closed on Monday. His decision not to attack came as some top Gulf allies like Qatar, Saudi Arabia, and the United Arab Emirates pressed for more talks.\nThese countries believe that the Strait of Hormuz can only be opened through dialogue. Also, a limited strike by the United States would have lead to a more devastating attack by Iran on their critical energy infrastructure. \nLindsey Graham of South Carolina also warned about a deal, arguing that it would leave Iran better off. He noted that it would leave Iran as the most dominant power in the region. Graham believes that Trump should \"finish the job\" by launching strikes against the country.\nSimilarly, Senator Roger Wicker of Mississippi also blasted the 60-day ceasefire. He argued that the Iran deal would invalidate everything that the US accomplished by Operation Epic Fury. \nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2638302074","isCrawlerRequest":true}