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US stock futures fell on Thursday as investors kept a close eye on unfolding developments in the Middle East, with markets balancing cautious optimism against ongoing uncertainty surrounding the Iran war.
US stock futures slipped Tuesday pausing after a sharp rebound on Wall Street that was driven by growing optimism around a potential easing of tensions between Washington and Tehran.
US stocks were poised for yet another bruising day on Monday as Iran and President Trump traded war threats, raising tensions and stakes in a Middle East conflict that risks a brutal hit to the global economy.
US stock futures pulled back on Friday, setting up for weekly losses as oil turned higher amid continued worries tied to the US-Israeli war with Iran.
Oil extended gains to more than 10% following attacks on some of the Middle East’s most important energy facilities, raising concerns of an escalating impact from the almost three-week-old conflict that has no end in sight.
As Federal Reserve officials gather for their two day policy meeting this week, the oil shock from the Iran war could deepen divisions within the central bank over the path forward on interest rates.