US equity futures fell to their lowest since November on Friday as high energy prices continued to drive stagflation fears. The March contracts for the three main indices, which expire today, were around 0.5% lower. Prices for energy commodities remained sharply higher as attacks on energy infrastructure, recently headlined by Qatar's largest gas field and key refineries in Kuwait, was met with reports that the US is considering occupying Iran oil export infrastructure in Kharg Island. The developments added to the pro-inflationary backdrop and extended the rout for bonds, worsening financial conditions for credit-sensitive companies. The developments were magnified by a hot PPI this week and hawkish signals by FOMC members in their economic projections. Supermicro sunk 25% as its CEO was charged with smuggling Nvidia chips to China. On the other hand Fedex gained 10% on a strong guidance. Also, banks inched higher as regulation will likely cut their capital requirements.