Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting

The Kospi index and U.S. stock futures rose as U.S.-Iran negotiations over the Strait of Hormuz and a pause in hostilities reduced tensions, while Wall Street anticipates the Federal Reserve’s policy meeting. Oil prices fell amid the de-escalation, and tech stocks led market gains.