The S&P 500 futures currently trade 32 points below fair value.
Futures have seen a modest bump off their lows following a few optimistic developments pertaining to the U.S.-Iran negotiations.
The Associated Press reported that Pakistani officials said Iranian authorities are still willing to attend the second round of peace negotiations in Islamabad this week. Additionally, Chinese President Xi Jinping urged that the Strait of Hormuz be reopened during a call with Saudi Crown Prince Mohammed bin Salman.