At 2:20 a.m. ET, Dow futures were down 67 points, implying a lower open of more than 58 points. Futures on the S&P and Nasdaq also traded lower.
President Donald Trump approved military strikes on several Iranian targets, but abruptly pulled back from launching the attacks.
U.S. officials said Thursday that an Iranian missile had shot down an unmanned U.S. surveillance drone over the Strait of Hormuz, a shipping route through which much of the world’s oil flows. Iran claimed that the drone was above its territory.
In oil markets, crude futures dipped following a spike in the previous session. International benchmark Brent crude was trading at around $64.22 Friday morning, down more than 0.3%, while U.S. West Texas Intermediate (WTI) stood at $56.80, down almost 0.5%.
Oil prices jumped more than 6% in the previous session, amid heightened fears of supply constraints.
