07:54 AM EDT, 07/29/2026 (MT Newswires) -- US equity futures were mixed pre-bell Wednesday as hostilities between the US and Iran resumed after a two-day pause and oil prices jumped.

Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.

US Central Command said in a post on X that Iran's Islamic Revolutionary Guard Corps launched missiles in an "attempted surprise attack" on US forces, which an Axios correspondent said was directed at a US base in Jordan. In a subsequent post, the command said that US and Saudi Arabian forces hit "Iran-aligned terrorists" in Iraq in response to more than 30 Iran-directed drone attacks in the last 72 hours.

Microsoft ( MSFT ) and Meta Platforms ( META ) are expected to report their fiscal Q4 and Q2 earnings, respectively, after the market closes. For Microsoft ( MSFT ), analysts polled by FactSet expect earnings of $4.24 per share on revenue of $87.62 billion. For Meta, analysts expect earnings of $7.19 per share on revenue of $60.22 billion.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.1% at $85.43 per barrel and US West Texas Intermediate crude 4.3% higher at $82.69 per barrel.

The Federal Open Market Committee is expected to maintain the range for its federal funds rate at the current 3.50% to 3.75% for the fifth straight meeting, with the CME's FedWatch Tool seeing a 68.5% chance of no change to the current target range and a 31.5% chance of a 25-basis point increase to 3.75% to 4.00%.

The FOMC's statement following the meeting is due to be released at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET.