08:29 AM EDT, 03/25/2026 (MT Newswires) -- US equity futures were higher pre-bell Wednesday following media reports that the US has sent Iran a peace plan to end the war.

Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 1%, and Nasdaq futures were 1.2% higher.

Media reports said Washington, through Pakistan, delivered a 15-point proposal to Tehran. The development comes after President Donald Trump said the US is in talks with Iran - a claim Tehran has denied.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6% at $94.20 per barrel and US West Texas Intermediate crude 5.7% lower at $87.13 per barrel.

The February import price index, scheduled for release at 8:30 am ET, is expected to show a 0.6% month-over-month increase after a 0.2% gain previously. The export price index is also projected to rise 0.6% to match the previous month's gain, according to estimates compiled by Bloomberg.