Futures turned lower with S&P 500 contracts down 0.3% and Nasdaq futures sliding 0.6%, while Bitcoin tumbled as Brent crude climbed above $110 a barrel and WTI rose over $96. The report states there was no single catalyst for the oil reversal, though ongoing drone and missile activity in the Middle East contributed, and Trump's 10-day delay on striking an Iranian energy facility is viewed by some as a potential smokescreen for deploying additional U.S. troops toward possible ground operations on Iranian islands in the Persian Gulf. Messages remain mixed: Trump said talks with Tehran were going "very well," yet the Pentagon is reportedly considering sending up to 10,000 more ground troops, and Israel plans to escalate attacks. Analysts present differing outlooks, with one describing Trump as unpredictable and possibly using time to prepare an invasion of the Strait of Hormuz, while another notes the conflict could resolve quickly or push oil to $200 within months. The report also notes Anthropic obtained a court order blocking a Trump administration ban on government use of its AI technology. Source: https://www.zerohedge.com/markets/trump-fails-jawbong-market-futures-bitcoin-tumble-oil-and-yields-soar