Mixed stock futures as Middle East tensions rise; watch big bank Q2 earnings, CPI inflation data, and Fed speakers.

U.S. President Donald Trump told reporters on board Air Force One that Iran “badly” wants to make a deal after America had “just hit [Iran] very hard.”

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Major stock indexes closed lower Monday, pulled down by SK Hynix and other memory chipmaker shares, while oil prices jumped after President Donald Trump said the U.S. was reinstating a blockade of Iranian ships in the Strait of Hormuz.

S&P 500 futures are down 0.5%. Dow Jones Industrial Average futures are down 0.2%. Nasdaq 100 futures are down 1.4%. U.S. stock futures are set to fall on Monday as oil prices rise after Iran said it

U.S. forces carried out a "series of powerful strikes" against Iran late Tuesday after the Middle Eastern country struck three commercial ships passing through the Strait of Hormuz.

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The U.S. Futures slump follows a massive selloff in South Korea earlier on Tuesday as the country’s benchmark KOSPI Index dropped more than 8%—triggering a circuit breaker—led by a 12% rout in the stock prices of memory chipmakers SK Hynix and Samsung.