US equity futures were mixed pre-bell Monday amid reports of Iran's new proposal to reopen the Strait of Hormuz against the backdrop of stalled US-Iran negotiations.

Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.2% higher.

Iran has sent the US a new proposal to reopen the Strait of Hormuz and end the conflict, with nuclear talks deferred to a later date, according to an Axios report citing a US official and two other sources.

President Donald Trump cancelled the trip of US special envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, saying, "If they want to talk, all they have to do is call!" according to a post on Truth Social on Sunday.

Earnings kicked off for the week, with Verizon Communications (VZ) posting higher Q1 adjusted earnings and revenue.

Among the companies expected to report quarterly earnings this week are Visa (V), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Berkshire Hathaway (BRK.A, BRK.B).

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% at $100.19 per barrel and US West Texas Intermediate crude 0.7% higher at $95.08 per barrel.

The Dallas Federal Reserve's manufacturing reading will be released at 10:30 am ET.

The policy-setting Federal Open Market Committee is scheduled to release a statement 2 pm ET on Wednesday.