* Futures: Dow down 0.11%, S&P 500 down 0.05% and Nasdaq

up 0.05%

* Oil prices jump 3% on Iran tensions

* Intel ( INTC ) climbs after Friday's rally

(Updates prices, and analyst comments)

By Ragini Mathur and Utkarsh Hathi

May 11 (Reuters) - Wall Street futures were subdued on

Monday, taking a breather after a record rally last week, as

investors fretted over signs of stalled talks between the United

States and Iran that pushed oil prices higher.

U.S. President Donald Trump's swift rejection of Iran's

response to a U.S. peace proposal stoked worries that the

10-week-old conflict could drag on and keep shipping through the

Strait of Hormuz paralyzed. That sent crude prices

up almost 3%.

"Although the oil price is higher, there is no sign of panic

in the market," said Kathleen Brooks, research director at XTB.

"Wrangling over the details of a path to a peaceful

resolution is to be expected. This is all part of a

negotiation."

U.S. stocks touched fresh peaks last week, with the S&P 500

and the Nasdaq both closing at record highs on

Friday, buoyed by upbeat corporate earnings, a solid monthly

payrolls report and expectations of a swift resolution to the

Middle East conflict.

At 07:18 a.m. ET, Dow E-minis were down 56 points,

or 0.11%, and S&P 500 E-minis were down 4 points,

or 0.05%. Nasdaq 100 E-minis were up 13.25 points,

or 0.05%.

Investors will now look to Tuesday's consumer price index

data, which is expected to show inflation ticked higher in April

as the Middle East conflict puts upward pressure on energy

prices.

While the U.S. is a net oil exporter, concerns about the

war's impact on consumer demand and companies still linger.

Producer prices and monthly retail sales figures are also due

later in the week.

Also on the radar is a meeting between Trump and Chinese

President Xi Jinping later this week, when the two leaders are

set to discuss Iran, Taiwan, artificial intelligence and nuclear

weapons, while also weighing an extension of a critical minerals

deal.

The first-quarter reporting season will soon start winding

down after a much stronger-than-expected performance from

companies, particularly in the technology sector, helped push

stocks to new highs.

Major names this week include tech networking giant Cisco ( CSCO )

and semiconductor equipment maker Applied Materials ( AMAT )

, while heavyweight names Nvidia ( NVDA ) and Walmart ( WMT )

are due to report later in the month.

Intel ( INTC ) climbed 5.6% in premarket trading after

surging 14% on Friday on a report of a preliminary chip-making

agreement with Apple ( AAPL ).

Among other movers, some airline stocks slipped as rising oil

prices threatened to squeeze margins. Southwest Airlines ( LUV )

, Delta Air Lines ( DAL ) and United Airlines

fell between 0.9% and 1.6%.

U.S.-listed shares of gold miners slipped as bullion prices

declined 1%. Newmont ( NEM ), Sibanye Stillwater

, and Harmony Gold shed between 1.6% to 1.7%.

(Reporting by Ragini Mathur and Utkarsh Hathi in Bengaluru;

Editing by Devika Syamnath)