09:08 AM EDT, 03/25/2026 (MT Newswires) -- US equity futures were up ahead of Wednesday's opening bell following media reports that the US has sent Iran a peace plan to end the war.

Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% 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 denied.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.6% at $95.62 per barrel and US West Texas Intermediate crude 4.1% lower at $88.50 per barrel.

The February import price index, released at 8:30 am ET, showed a 1.3% month-over-month increase, exceeding estimates compiled by Bloomberg for a 0.6% gain. Export prices increased 1.5%, also above expectations for a 0.6% gain.

In other world markets, Japan's Nikkei closed 2.9% higher, Hong Kong's Hang Seng ended 1.1% higher, and China's Shanghai Composite finished 1.3% higher. Meanwhile, the UK's FTSE 100 was up 1.1%, and Germany's DAX index was 1.3% higher in Europe's early afternoon session.

In equities, Arm (ARM) stock was up 12% after the company said it expects roughly $15 billion in revenue in 2031 from its first in-house chip.

On the losing side, DigitalOcean ( DOCN ) shares were 7% lower, a day after the company launched a $700 million stock offering.