U.S. stock index futures were little changed on Friday after the S&P 500 ended at a record high a day earlier, with stronger oil prices and renewed Middle East tensions keeping risk appetite in check. Cooling expectations for a September rate hike, helped by a benign U.S. consumer inflation reading, have kept the S&P 500 and Nasdaq on course for a third straight weekly gain, their longest winning streak since early April. At 06:07 a.m. ET, Dow E-minis fell 64 points, or 0.12%, while S&P 500 E-minis rose 5.75 points, or 0.07%, and Nasdaq 100 E-minis added 54.25 points, or 0.18%. Brent crude futures moved higher after the United States said it could maintain a naval blockade of Iran indefinitely and step up economic pressure on Tehran as ceasefire talks stalled. In individual stocks, Applied Materials dropped 5.4% despite forecasting fourth-quarter revenue above Wall Street estimates, Reddit surged 12.4% after being selected to join the S&P 500 from August 18, and Fox Corp Class A shares gained 2.1% after J.P. Morgan upgraded the stock to “overweight” from “neutral.” Drone makers also advanced after President Donald Trump said he would impose tariffs on imports of drones and their components, lifting Red Cat, Unusual Machines and AeroVironment. Investors were also awaiting July retail sales data and remarks from Atlanta Fed interim President Cheryl Venable after Chicago Fed President Austan Goolsbee said the latest inflation data had been “a little better.”