Stock Futures Rise as Oil Drops on Iran Hormuz Hope

Stocks were on track to open in the green Tuesday as oil prices dropped on a report that Iran is willing to reopen the vital Strait of Hormuz shipping route in seven days. Nasdaq 100 futures were were up 0.2. The Nasdaq surged to its first record high since June on Monday as oil prices retreated, with investors betting that the United Nations General Assembly this week could lay a path for resolving the Iran war.