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A U.S. withdrawal would tighten economic sanctions on Iran,
curtailing the country's output that could bolster this year's
13 percent oil rally.
Crude prices were down more than 1 percent - easing from 2014
highs, which had boosted Wall Street in the past two sessions -
ahead of Trump's decision at 1800 GMT (2:00 p.m. ET). [O/R]
"(Trump's decision) has been so well covered, it's probably all
in the price by now. And most recent commentary seems to be that
after all the bluster, he may only partially withdraw from the
deal," said Frances Hudson, global thematic strategist at
Aberdeen Standard Investments.
At 7:19 a.m. ET, Dow e-minis <1YMc1> were down 96 points, or 0.4
percent. S&P 500 e-minis <ESc1> were down 11.25 points, or 0.42
percent and Nasdaq 100 e-minis <NQc1> were down 33.5 points, or
0.49 percent.
Shares of Comcast <CMCSA.O> fell 1.5 percent premarket after
Reuters reported the cable operator is preparing to make an
all-cash offer for media assets that Twenty-First Century Fox <FOXA.O>
has agreed to sell to Disney <DIS.N> for $52 billion.
Fox's shares rose 3 percent. Disney, which is due to report its
results after markets close, was down 0.4 percent.
Snap Inc <SNAP.N> rose 1.5 percent after hiring Tim Stone, who
had led Amazon's <AMZN.O> $13.7-billion integration with Whole
Foods, as its chief financial officer.
Citigroup <C.N> rose 1.4 percent after activist investor
ValueAct invested $1.2 billion in the bank, citing its low risk
and reliable revenue.
(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)
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