The Iran war continues to rumble and the energy price shock hits homes, with average U.S. gas pump prices crossing $4 per gallon for the first time in over three years. The Wall Street Journal reported that President Trump was prepared to end the war without opening the Strait of Hormuz, an encouraging thought that has boosted U.K. stock futures. Meanwhile, the Fed Chair Jerome Powell noted that long-term inflation expectations remained "well anchored". The Conference Board's latest consumer confidence index is also expected to be released.