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.

U.S. stock index futures slipped on Tuesday as the Middle East conflict pinned oil prices near $100 a barrel, fueling inflation concerns ahead of the Federal Reserve’s two day meeting.

Nebius Group said on Monday it has signed a new five year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI capacity across multiple locations.

Stocks steadied on Friday after a headlong sell off as investors assessed the latest moves in a still hot Iran conflict ahead of an inflation reading key to Federal Reserve policy thinking.