The U.S. and Iran have reportedly reached an agreement to extend a ceasefire and begin further negotiations on Tehran's nuclear program, pending President Trump's final approval.
U.S. stock futures were muted on Friday, while Brent crude hovered around $93.75 a barrel, down from recent highs.
The deal includes unrestricted shipping through the Strait of Hormuz and lifting of the U.S. naval blockade, along with Iran's commitment not to pursue nuclear weapons.
