The S&P 500 futures currently trade 16 points above fair value.
Oil prices moved lower amid reports that proposals are on the table for the U.S. and Iran to stop strikes as part of an effort to revive the memorandum of understanding. However, Oil has recently moved back above its flat line after reports that Yemeni Houthis announced a ban on maritime traffic on Saudi-linked vessels. Crude oil is currently up $0.26 (+0.3%) to $82.06 per barrel.