Futures Slump, Erasing Overnight Gains After Iran's Giant Pars Field Attacked; FOMC Looms

Futures Slump, Erasing Overnight Gains After Iran's Giant Pars Field Attacked; FOMC Looms Stocks were set to extend gains into a third day as Iraq’s deal to reroute crude via Turkey, bypassing the Strait of Hormuz, eased some supply concerns as Iranian strikes target Kuwait, Saudi Arabia, and UAE, but it all unwound shortly after 7am ET,  following an Iranian report that US and Israeli airstrikes hit its giant South Pars natural gas field and associated infrastructure; Oil and p...

By Tyler Durden