US equity futures rose on Monday evening, indicating a positive start to the month on Wall Street, as Brent crude prices fell around 4 percent amid hopes of a diplomatic resolution to US-Iran tensions.
At around 5:45 pm IST, Nasdaq 100 futures were trading 0.75 percent higher, while S&P 500 futures gained 0.43 percent. Dow Jones futures advanced 0.47 percent.
A report that US President Donald Trump wants to give diplomacy with Iran more time helped ease concerns over oil supplies, dragging Brent crude prices down more than 4 percent to below USD 109 per barrel.
Sentiment towards artificial intelligence (AI) stocks also improved on Monday. Intel shares edged up 0.2 percent after suffering their biggest single-day decline since the 1980s on Friday.
The chipmaker had forecast quarterly revenue below market expectations and said it did not expect to generate positive cash flow this year.