Stock futures rose while oil prices fell on Tuesday morning, as investors bet that a delicate ceasefire between Israel and Iran would hold. Futures tied to the Dow Jones Industrial Average added 284 points, or 0.6%. S&P 500 futures gained 0.7%, while Nasdaq 100 futures rose 1.1%. Airline stocks were higher as oil pulled back, with shares of United Airlines, Frontier and Delta all climbing roughly 3%. Technology stocks Tesla and Broadcom advanced 2% and 3%. These moves come as President Donald Trump tried to salvage a fragile ceasefire between Israel and Iran that took effect early Tuesday morning. Both sides have accused the other of violating the agreement, and Israeli forces confirmed that it attacked a radar close to Iran’s capital city Tehran. CNBC has not independently verified the report from Israeli army radio station GLZ. Trump said on Truth Social that “ISRAEL is not going to attack Iran,” and added that the ceasefire is still in effect. The President earlier echoed frustration toward both Israel and Iran for breaking the ceasefire, and said that he was “unhappy” with both sides over the faltering agreement. “The market response to the escalation and subsequent ceasefire hopes aligns with our view that geopolitical shocks have tended to have a temporary impact on global financial markets, and that investors are likely to refocus on fundamentals,” BS Global Wealth Management chief investment officer Americas Solita Marcelli wrote on Tuesday. “We continue to believe solid fundamentals will help lift equities over the next 12 months.” Tuesday’s gains in stock futures put the Street on track to build on Monday’s strong advances. The major averages jumped after Qatar’s Defense Ministry said that its air defense had intercepted Iran’s retaliatory strike on a U.S. military base. Investors also parsed fresh commentary from Federal Reserve Chairman Jerome Powell before the House Financial Services Committee. U.S. Treasury yields added to gains Tuesday after Federal Reserve Chair Jerome Powell said he is in no hurry to push for interest rate cuts as the impact of tariffs plays out. In remarks that he will deliver to separate congressional committee’s this week, Powell repeated his expectation that policymakers are “well positioned to wait” before approving adjustments to the Fed’s policy rate. The 10-year Treasury yield was up 3.3 basis points to 4.355%, the 2-year yield up 2.2 basis points to 3.851%, and the 30-year up 4.3 basis points to 4.9%. Asia-Pacific markets rose Tuesday after United States President Donald Trump said that the Iran-Israel ceasefire he announced earlier was in effect, following Iranian state-linked media announcing Tehran had fired its “last round” of missiles at Israel. Japan’s benchmark Nikkei 225 climbed 1.14% to close at 38,790.56, while the broader Topix index rose 0.73% to close at 2,781.35. South Korea’s Kospi jumped 2.96% to close at 3,103.64, and the small-cap Kosdaq index rose 2.06% to close at 800.93. Australia’s S&P/ASX 200 traded 0.95% higher to 8,555.5. Hong Kong’s Hang Seng index rose 2.06% to 24,177.07, while mainland China’s CSI 300 was 1.2% higher at 3,904.03. Oil futures fell on Tuesday as President Donald Trump demanded that Israel and Iran adhere to a ceasefire, accusing both countries of violating the agreement shortly after it went into effect. Global benchmark Brent fell $2.14, or 2.99%, to $69.34 per barrel. U.S. crude oil was last down $2.07, or 3.02%, to $66.44 per barrel. Gold dropped more than 1% to touch a two-week low on Tuesday, after President Donald Trump’s announcement of a ceasefire between Israel and Iran diminished bullion’s safe-haven appeal. Spot gold was down 1.2% to $3,326.87 an ounce, as of 0852 GMT, after hitting its lowest level since June 11 earlier in the session. U.S. gold futures slipped 1.6% to $3,339.40. “Gold prices are trending lower today, driven by a shift towards greater risk appetite, as optimism grows over a potential end to hostilities in the Middle East,” said Ricardo Evangelista, senior analyst at the brokerage firm ActivTrades. “I don’t believe that gold prices will fall below the $3,000 mark in the short term. I see a meaningful support level at $3,300.”