U.S. stock futures rose on Tuesday after President Donald Trump told CNBC he expects the U.S. and Iran to make a “great deal” ahead of a ceasefire that’s set to expire Wednesday. Futures tied to the Dow Jones Industrial Average gained 247 points, or 0.5%. S&P 500 futures and Nasdaq 100 futures added 0.2% and 0.3%, respectively. “We’re going to end up with a great deal,” Trump said on CNBC’s “Squawk Box” on Tuesday. “They have no choice. We’ve taken out their Navy, we’ve taken out their Air Force, we’ve taken out their leaders.” The president added, however, that the U.S. military is “ready” to bomb Iran if a deal is not signed by the ceasefire deadline and that he does not want to extend it. This comes after Trump said earlier Tuesday in a Truth Social post that Iran “Violated the Cease Fire numerous times!” Adding to the gains in futures was a decline in oil prices. West Texas Intermediate futures fell 0.4% to above $89 per barrel. Brent futures shed 0.3% to trade above $95 a barrel. The major averages slipped on Monday as tensions increased once again over the weekend, with the Nasdaq Composite snapping its longest winning streak since 1992. Still, investors remain bullish on the broader picture ahead for equities. “We still think that the market is going to overshoot to the upside. We have our upside target of 7,300 by July, which is basically our year-end target,” Ohsung Kwon, chief equity strategist at Wells Fargo, said on CNBC’s “Closing Bell: Overtime” on Monday afternoon. “I think the economy is going to be fine for the next three months.” Kwon’s 7,300 price target for the S&P 500 would represent an upside of 3% from the index’s Monday close. Investors will monitor on Tuesday Federal Reserve chair nominee Kevin Warsh’s confirmation hearing. In his prepared statement to the Senate Banking committee, released Monday, the former Fed governor said the U.S. central bank must be largely independent of political influence, while also staying focused on its primary goals. “The Fed must stay in its lane,” he said. “Fed independence is placed at greatest risk when it strays into fiscal and social policies where it has neither authority nor expertise.” UnitedHealth was a winner Tuesday, with shares jumping more than 7% after the health insurance giant’s first-quarter results surpassed Wall Street’s expectations. The company also hiked its earnings outlook. Treasury yields were largely unmoved early Tuesday as investors await clarity over an expected second round of peace talks due to take place between the U.S. and Iran. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was up less than 1 basis point at 4.258%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was more than 2 basis points higher at 3.739%. The longer-dated 30-year Treasury bond yield was down less than a basis point at 4.878%. South Korea’s Kospi hit a record high Tuesday while the broader Asia-Pacific markets traded mixed, amid hopes for a resolution to the Middle East conflict, even as tensions between Iran and the U.S. continue to simmer. South Korea’s Kospi ended Tuesday’s session at a record high, up 2.72% to 6,388.47, supported by gains in tech stocks. Index heavyweight Samsung Electronics rose 2.1%, while semiconductor manufacturer SK Hynix gained 4.97%. The small-cap Kosdaq index gained 0.36% to 1,179.03. Japan’s Nikkei 225 gained 0.89% to 59,349.17, while the Topix slipped 0.18% to 3,770.38. Australia’s S&P/ASX 200 was flat at 8,949.40. Mainland China’s CSI 300 index was trading 0.22% higher at 4,768 , while Hong Kong’s Hang Seng index added 0.35% in its last hour of trade. India’s Nifty 50 was 0.70% higher. Oil prices were little changed Tuesday, after President Donald Trump told CNBC that he expects a deal with Iran but is ready to resume military strikes if negotiations this week don’t result in an agreement. “What I think is that we’re going to end up with a great deal,” Trump said in a phone interview on “Squawk Box.”  West Texas Intermediate futures for May delivery lost 0.23% to $89.40 per barrel as of 8:44 a.m. ET, while international benchmark Brent crude futures for June delivery slid 0.1% to $95.38 per barrel. Gold prices fell on Tuesday, weighed down by a firm US dollar ​as lingering uncertainty over U.S.-Iran ​peace talks kept investors ​cautious, while they also looked forward to a Senate confirmation hearing for Federal Reserve nominee Kevin Warsh. Spot gold was down 0.7% at $4,784.77 per ounce, ⁠having ‌hit its lowest level since April 13 on ⁠Monday. U.S. gold futures for June delivery fell 0.5% to $4,803.60. The U.S. dollar rose on Tuesday, making greenback-denominated commodities more expensive for holders of other currencies.