Futures tied to the Dow Jones Industrial Average rose on Thursday as traders kept an eye on the Middle East, with a deal to reopen the key Strait of Hormuz in the works. Wall Street also weighed a slew of corporate earnings releases. Dow futures added 94 points, or 0.2%. S&P 500 futures climbed 0.1%, while Nasdaq 100 futures were 0.6% lower. Sandisk shares dropped 9% to weigh on Nasdaq futures. The memory name posted fiscal fourth-quarter results that failed to impress investors. Additionally, AppLovin tumbled 19% on mixed quarterly results, and Western Digital shed 14% as the company’s first-quarter forecast disappointed investors. Its fourth-quarter results topped expectations, however. Meanwhile, the first lockup of SpaceX shares is set to expire, with over 900 million shares poised to be released into the market. The staggered approach gives early investors their first opportunity to sell, which could weigh on the share price. Treasury yields edged higher Thursday, with traders weighing prospects for interest rate hikes amid rising oil prices as Iran-Oman talks over the Strait of Hormuz came into focus. The 10-year Treasury note yield—the main benchmark for mortgages, auto loans, and credit card debt—was up more than 2 basis points at 4.641%. The longer-dated 30-year Treasury yield, which is often sensitive to geopolitical events, was also higher by more than 2 basis points at 5.20%. The shorter-dated 2-year Treasury note yield, which tends to react to short-term Federal Reserve interest rate expectations, was more than 2 basis points higher as well, at 4.204%. In Asia, Japan’s Nikkei 225 closed 0.93% lower, while South Korea’s Kospi dropped 4.58%. Australia’s benchmark S&P/ASX 200 rose 0.47%, and mainland China’s CSI 300 closed 0.15% lower. Oil prices edged lower Thursday as investors weighed signs of progress in Iran-Oman talks that could eventually lead to a broader U.S.-Iran peace agreement. Brent crude futures for October delivery slipped 0.34% to $79.18 a barrel, while U.S. West Texas Intermediate futures for September delivery fell 0.52% to $74.83. Gold extended its rally into a fourth consecutive session on Thursday, climbing to a seven-week high as easing concerns over inflation and interest rates boosted demand for the precious metal after optimism grew that the Strait of Hormuz could reopen. Spot gold gained 0.6% to $4,271.33 an ounce after earlier reaching its highest level since June 18. U.S. gold futures rose 0.6% to $4,330.20. The metal had surged on Wednesday, posting its biggest one-day gain since February.