AM Markets Need to Know: Trump escalates Iran pressure, Bitcoin short squeeze intensifies, and more

U.S. stock futures were little changed as traders weighed a mixed overnight backdrop: easing yields supported equities, while geopolitical and crypto-related headlines drove other market moves. The main market-sensitive development was Trump’s renewed pressure on Iran, which could tighten sanctions enforcement and add volatility to oil flows through the Strait of Hormuz, potentially supporting crude prices. In crypto, Bitcoin rallied toward $70,000 and triggered about $2.74 billion in short liquidations over 24 hours, highlighting how leveraged positioning can accelerate upside moves. The article also notes Trump’s Moderna purchases disclosed in financial filings, with the timing appearing highly profitable, and reports that Apple still plans camera-equipped AirPods for 2027 despite a product video leak. Overall, the piece points to a risk-on tone in equities, but with oil, crypto, and specific large-cap tech/pharma names likely to see idiosyncratic price reaction.