Trading on Wall Street mixed in premarket while oil prices fall on Trump’s shipping waiver extension

Wall Street markets showed mixed premarket performance with Nasdaq futures rising 1.3% led by chipmakers, while oil prices fell after President Trump extended a 90-day waiver easing foreign vessel transportation of energy to the U.S. The waiver, aimed at stabilizing energy prices post-Iran war, coincided with ongoing geopolitical tensions as the Strait of Hormuz remains largely closed, and Iran attacked ships in the strait.