Oil prices kept their upward momentum on Friday while US equity futures slipped, reflecting investors' uncertainty over the stalled push for an Iran peace deal. Traders noted that crude’s resilience came after recent geopolitical headlines, and the modest pullback in futures signaled caution ahead of the weekend. The split reaction highlighted how energy markets remain detached from broader equity sentiment.

The oil market has been buoyed by supply concerns stemming from the Middle East, while the absence of a clear diplomatic pathway keeps significant risk premiums elevated. Analysts point to the lack of progress in Washington’s diplomatic overtures as a driver for the price floor, suggesting that any breakthrough could trigger a rapid reassessment of both global commodity and equity valuations.

Investors should watch for any signals from the State Department or European allies that could alter the trajectory of negotiations. A sudden de‑escalation would likely lift futures, while renewed tension could push oil higher still. For now, the market remains split, with energy assets holding firm amid equity softness and may influence through upcoming earnings reports for energy producers.