Iran War: US Strikes Targets Near Hormuz With No Deal in Sight | The Opening Trade 5/28/2026

Stocks fell while oil and bond yields climbed after fresh attacks in the Middle East fueled doubts over whether an end to the war is imminent. S&P 500 futures slipped 0.2%, pointing to the benchmark’s first decline in more than a week. Brent rose 2.9% toward $97 a barrel after the US carried out airstrikes on an Iranian military site, clouding hopes for a diplomatic breakthrough. The latest upheaval between the US and Iran shows the fragility of the ceasefire and the push for a deal that traders have long seen as only a matter of time. The Federal Reserve’s preferred inflation gauge expected to climb closer to 4% in data due Thursday. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Joumanna Bercetche and Tom Mackenzie. (Source: Bloomberg)