U.S. stock futures advanced Friday after Iran and Oman pursued an agreement to reopen the Strait of Hormuz to commercial vessels, while investors awaited August consumer price data. S&P 500 futures rose 0.38%, Nasdaq 100 futures gained 0.3% and Dow futures added 0.4% after the three major U.S. benchmarks recorded a fourth consecutive daily decline. Oil had climbed above $100 a barrel as tensions between the United States and Iran entered their seventh month, while the 10-year Treasury yield rose above 4.95%. The proposed diplomatic meeting in Salalah, Oman, helped push crude prices down more than 1%, although the durability of any agreement remains uncertain. Oracle shares jumped 4.3% after the company exceeded quarterly earnings expectations, won more than $30 billion in new artificial intelligence cloud contracts and raised its fiscal 2027 adjusted earnings forecast to $8.10 per share. Markets now price a 66.7% probability of a 25-basis-point Federal Reserve rate increase on September 16, up from 60.4% the previous day. The August CPI (consumer inflation gauge) report, expected to show a 3.4% annual increase and a 0.4% monthly rise, is the final major economic release before the meeting.