India, June 12 -- The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to see further upside following the rally seen over the course of the previous session.

Optimism about an end to the conflict in the Middle East may lead to continued strength on Wall Street after President Donald Trump once again signaled a deal is near.

A report from Axios said the U.S.-Iran memorandum of understanding calls for the Strait of Hormuz to reopen immediately without tolls and for Iran to receive sanctions relief based on compliance.

The report cited a diplomat from one of the mediating countries and a U.S. official, with the diplomat telling Axios the U.S. and Iran "have agreed on the text of a deal" but ack...