European equities edged higher while Asian markets slipped as U.S. futures steadied in early trade following a drop in Brent below $100.

Investors paused after Thursday’s frenetic selling, with the absence of fresh U.S.-Iran escalations pulling back the global oil benchmark. Treasury yields and the dollar eased from Thursday’s highs but remained elevated, reflecting lingering risk concerns.

Tech stocks fell after earnings from Alphabet and Tesla, dragging indices lower. Trump’s newly announced tariffs on imports from major partners had little market impact as traders focused on oil dynamics.

Brent fell 1.8% to $98.92, WTI to $90.62τρα. ING analysts warned that pressure to de‑escalate would rise sharply if Brent approached $120. The drop in oil revenue isORS for Iran. U.S. futures for the S&P 500 were up 0.2%, the Dow 0.4%, and Nasdaq nudged up 0.05%. Intel’s earnings gave a boost, while American Express and Verizon are slated to report later Friday.