Stock futures decline and oil prices rise as markets await Fed inflation data and monitor Iran negotiations

U.S. equity futures slipped and oil prices rose on Sunday as Wall Street watched the latest developments in the Iran war negotiations and awaited the release of inflation data that is closely watched by the Federal Reserve.

S&P 500 futures traded down 0.4%, while Nasdaq-100 futures were 0.6% lower.

Futures tied to the Dow Jones Industrial Average dropped 183 points, or 0.4%.

Oil prices climbed amid uncertainty about the conflict in the Middle East.

U.S. West Texas Intermediate futures gained nearly 3% to around $78 per barrel, while international benchmark Brent crude futures added more than 1%.