U.S. stock futures were lower on Friday, while crude prices rose, as traders monitored the latest developments on the Iran war. Dow Jones Industrial Average futures shed 206 points, or 0.5%. S&P 500 futures and Nasdaq 100 futures slipped 0.5% and 0.7%, respectively. Friday’s slip comes a day after the Nasdaq Composite fell into a correction, down more than 10% from a record set in October. The Dow is also nearing correction territory, down more than 9% from its all-time high. The S&P 500 is around 7% below its record. President Donald Trump extended a deadline to attack Iran’s energy infrastructure said he would extend a pause to attack Iran’s energy facilities to April 6, a little over a week after the original deadline that was set to end Friday. “As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction,” Trump said in a Truth Social post. “Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well. Thank you for your attention to this matter!” The announcement is the latest signal the Trump administration is seeking an end to the U.S.-Iran war, a conflict that has resulted in surging oil prices that’s already hurting voters at the pump and could cost Republicans their seats in the midterm elections. A resolution to the conflict would be a boon for the stock market, which has tumbled since U.S. and Israel attacked Iran’s energy infrastructure on Feb. 28. Uncertainty remains for investors, however, after Iran’s foreign minister reportedly told state media this week that Tehran has no intention of holding talks with the U.S., even if its leaders are reviewing an American proposal to end the war. On top of that, The Wall Street Journal reported, citing people familiar with the matter, that the Pentagon was considering sending another 10,000 troops to the Middle East. The Strait of Hormuz is closed, Iran’s Islamic Revolutionary Guard Corps has said to the country’s state media, adding that movement through the key waterway will face a harsh response. Two Chinese ships were turned away from crossing the Strait early Friday, and a Thai-flagged cargo ship that had been hit in the waterway has run aground, Iran state media said. “I think we’re headed lower in the medium term until we get some more certainty,” Adam Parker, founder at Trivariate Research, told CNBC’s “Closing Bell” on Thursday. “You got to be cautious here and not take a ton of risk in the near term.” Stocks were headed for a mixed week. As of Thursday’s close, the S&P 500 and Nasdaq Composite were on pace for loses, down 0.5% and 1.1%, respectively. Both benchmarks were headed for their fifth losing week in a row. The 30-stock Dow was the lone index set to close the week out in positive territory, up 0.8%. Yields on U.S. Treasurys edged higher on Friday, as investors continued to monitor developments in the Iran war. The yield on the benchmark 10-year Treasury was 4 basis points higher at 4.456%. The 2-year Treasury yield was more than 1 basis point higher at 3.998%, while the yield on the 30-year Treasury was up by more than 3 basis points to trade at 4.974%. Asia-Pacific markets traded mixed Friday following a volatile session, as the prospect of a peace deal in the Middle East remained murky amid contradictory messaging from the U.S. and Iran. South Korea blue-chip Kospi pulled back 0.4% to end at 5,438.87, paring losses earlier in the session, while the small-cap Kosdaq rebounded to gain 0.4% and finish at 1,141.51. Australia’s S&P/ASX 200 fell 0.11% to 8,516.3. Japan’s Nikkei 225 slipped 0.43% to 53,373.07, and the broad-based Topix added 0.19% to 3,649.69. Hong Kong’s Hang Seng index rose 0.38% to 24,951.88 while mainland China’s CSI 300 climbed 0.56% to 4,502.57. Oil prices were higher on Friday after two Chinese ships were prevented from transiting the Strait of Hormuz, indicating that Iran continues to block traffic through the vital sea route. International benchmark Brent crude futures with May delivery rose 2.82% to $111.06 per barrel, while U.S. West Texas Intermediate futures with May delivery also advanced 2.68% to $97.01. Gold rose on Friday ​on bargain-hunting but remained ​on track for ​a fourth straight weekly loss, as the U.S.-Israel war with Iran stoked inflation concerns, lifted the dollar and reinforced expectations of higher interest rates. Spot gold rose 1.1% to $4,425.39 per ounce ⁠as ‌of 1018 GMT. Gold was set for a ⁠weekly loss of 1.4% so far having touched a four-month low of $4,097.99 on Monday. U.S. gold futures for April delivery gained 1% to $4,421.30. “The initial knee-jerk liquidity needs have been met, and now gold ‌is able to perform,” said Nitesh Shah, commodity strategist at WisdomTree. “Savvy investors have been using the dip in prices as an opportunity to build.”