Trump administration signals mixed market signals as tariff refunds loom and geopolitical tensions persist. The President indicated he would "remember" companies avoiding tariff refund requests following the Supreme Court's illegal ruling, with over $160 billion in potential refunds now available. Major firms like Apple and Amazon have yet to file claims. Meanwhile, Trump extended the Iran ceasefire, citing Tehran's fractured government and expressing optimism for a major deal. U.S. futures rose on the extension while crude oil prices gained, but Asia-Pacific markets opened lower amid concerns the Middle East conflict could intensify supply chain disruptions. United Airlines slashed its 2026 earnings forecast due to surging jet fuel costs. In tech, SpaceX secured an option to acquire AI startup Cursor for $60 billion, demonstrating continued tech sector consolidation activity.
