(Il Sole 24 Ore Radiocor) - Milano, 20 mar - US futures were lower pointing to a fourth straight week of losses as the Iran war continues to galvanise markets.

Wall Street ended down but off session lows yesterday as investors reacted to news the US and Israel were looking for ways to get tankers moving again through the Strait of Hormuz. The Dow closed down 0.4% while the S&P 500 and tech heavy Nasdaq both shed 0.3%.

Oil remained volatile after a media report claiming Washington was considering occupying or blockading Kharg Island as a way of pressuring Iran into reopening the Strait of Hormuz, a critical chokepoint for global oil trade.

Iran meanwhile continues to target energy infrastructure in the Gulf with a refinery in Kuwait the latest asset to come under attack.

On the stocks front, shares in Super Micro Computer slumped 24% in premarket trade after the company's co-founder and two others were charged with smuggling Nvidia chips into China.

FedEx shares were up 6.7% after better-than-expected third-quarter results.

Futures on the Dow Jones were down 148.00 points, or 0.32%, S&P 500 futures were down 23.50 points, or 0.35%, while.

futures on the Nasdaq were down 114.00 points, or 0.46%.

(RADIOCOR) 20-03-26 13:48:24 (0348) 5 NNNN