U.S. stock futures extend losses; reports say Trump is considering occupying or blockading Iran's Kharg Island.

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According to media reports, the Trump administration is considering occupying or blockading Iran's Kharg Island to pressure Iran to reopen the Strait of Hormuz.

Futures for the three major U.S. stock indices have widened their losses. Nasdaq futures are down 0.54%, S&P 500 futures are down 0.39%.

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