NQU2026: Why Nasdaq Futures are bouncing back despite the Iran-US conflict

The NQU2026 contract is trading slightly higher (+0.55%) this Friday, oscillating between 29,724 and 30,058 points after an intraday pullback, against a backdrop dominated by renewed hostilities between Washington and Tehran. President Trump stated on Wednesday that the ceasefire with Iran was “over,” triggering a drop in US indices and a surge in oil prices, with Brent crude breaking above 80 dollars for the first time in two weeks. Washington’s revocation of a license authorizing Iranian oil sales is fueling fears of tighter global supply, a key factor to watch today. The main risk for tech stocks remains the rise in bond yields tied to this energy spike, which mechanically weighs on Nasdaq valuations. The top priority to monitor is any fresh statement from the White House on Iran, which has historically triggered moves of several percentage points within hours on the NQ.