On Saturday, the United States joined Israel's war against Iran after attacking three key Iranian nuclear sites.

Stock futures ticked lower before markets reopened Friday morning amid uncertainty among investors over the Middle East and whether the United States was about to get directly…

Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.

Oil markets are reacting to the impact of a U.S. decision to directly enter the Iran-Israel conflict.

On Saturday, the United States joined Israel's war against Iran after attacking three key Iranian nuclear sites.

Gold climbed 0.8 per cent before paring gains. West Texas Intermediate rose 2.5 per cent. The US dollar appreciated while US equity futures declined.

All three major averages rose on Monday, despite Iran's retaliatory attack on an American military base in Qatar.