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Middle East Tensions Send U.S. Stock Futures Lower Amid Oil Price Spike

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U.S. stock futures declined on August 18 as tensions in the Middle East rose and oil prices increased, heightening inflation concerns.

The Nasdaq 100 index's futures were down by 1.11%, while the S&P 500 Index's futures fell by 0.54% at around 5:46 a.m. EDT.

Oil prices rose on August 18 as hopes for a quick U.S.-Iran deal faded, with Brent crude trading near $91.64 a barrel and WTI crude near $84.93 a barrel.

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