The jobs report for February is expected to show decent hiring after Wall Street was caught off-guard by the strength of January data. This time, markets may not welcome a major surprise in either direction as the Iran war boosts oil prices, adding to inflation risks and posing a potential risk of stagflation. S&P 500 futures are down solidly ahead of the jobs report at 8:30 a.m. ET, as crude oil prices continue to surge.