Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched Monday to see how Iran will react.The price of oil initially jumped more than 2%, fell and then regained about half that much. U.S. stock futures edged lower and share benchmarks in Europe and Asia also were mostly lower.The attacks on three Iranian sites raised the stakes in the war between Israel and Iran and left questions about what remains of Tehran's nuclear program.
Beijing said following the U.S. attacks on Iran that it is seeking negotiations to end the fighting.
Paul Sankey, Lead Analyst at Sankey Research, discusses the path for oil following the escalation of conflict between Israel and Iran. President Donald Trump demanded that energy producers keep down oil prices following US military strikes on Iran, which drove prices higher amid fears the attack could provoke a wider conflict in the Middle East.
A reduction in the flow of oil and gas through the strait could push a range of prices higher, a threat that policymakers are monitoring closely, the head of the European Central Bank.
CNBC's Brian Sullivan joins 'Squawk on the Street' to discuss outlooks on energy in the wake of the U.S. strike on Iran.
Nobody knows how badly the international oil market might be disrupted by Iran. But if you want to take advantage of the uncertainty, a screen encompassing debt levels and cash flow can limit your risk.
Trump says 'everyone' should keep oil prices lower or they're playing 'into the hands of the enemy'
Dow futures were down 74 points, or 0.17%, to 42,441 as of 7:39 a.m. EDT, while S&P 500 futures fell 5.25 points to 6,012.75.
Kevin Hincks reporting from @cboeglobalmarkets discusses what impact investors and traders can expect to see as they gauge response to U.S. bombing several key Iranian nuclear sites. As he spoke ahead of Monday's open, equity futures rallied back to positive territory with crude oil flattening back to the unchanged line.
A spike in crude prices that lasts into the summer months and beyond could stoke inflation pressures.
Victoria Greene, CIO of G Squared Private Wealth, sees markets pricing in a contained Iran response, warns of oil shocks if Strait of Hormuz closes, and favors energy, defense, and US dip-buying.
America's fracking revolution blunts the dreaded oil chaos that could come from an Iranian closure of the Strait of Hormuz.