Over the weekend, Israel struck Lebanese targets despite US President Trump urging Israeli PM Netanyahu to refrain from strikes. In retaliation, Iran launched missiles at Israel.

Investors will also be focused on inflation data and the public debut of SpaceX on Friday.

Oil prices rose after Iran fired missiles at Israel, raising fresh doubts over U.S.-Iran diplomacy and the reopening of the Strait of Hormuz.

Trump urged Netanyahu against retaliation, but Israel struck Iran anyway, sending oil above $92 and escalating regional tensions.

Stock Futures Drift Lower, Oil Rises After Iran Fires Missiles at Israel

Brent nears $96 a barrel amid geopolitical tensions despite Trump urging restraint on retaliation

Stock Futures Drift Lower, Oil Rises After Iran Fires Missiles at Israel

Israel conducted airstrikes in Beirut, which led to retaliatory attacks by Iran against Israel. The Iranians warned that if Israel expands its Lebanon operations, it will deliver…

Oil prices rose on Monday morning as investors monitored the latest escalation in the Middle East.

Brent crude, the international benchmark, climbed 3.29 percent to $96.15 a barrel

In early trading, the price of Brent crude, the international benchmark, climbed 3.29 percent to $96.15 a barrel.

Investors’ reaction to the resumption of hostilities was helping fuel a downturn in the world’s financial markets.

Oil Rises on Israel-Iran Escalation, U.S. Tech Futures Climb

The escalation complicates US-led efforts to broker a broader deal with Iran, driving oil prices up by nearly 5%, with benchmark Brent futures back above $97 a barrel

Over the weekend, Israel struck Lebanese targets despite US President Trump urging Israeli PM Netanyahu to refrain from strikes. In retaliation, Iran launched missiles at Israel.