Iran conflict raged on for the fifth consecutive day. S&P 500 futures (SPX) -0.4%, Nasdaq 100 futures (US100:IND) -0.5%, and Dow futures (INDU) -0.4%. The 10-year Treasury yield (US10Y) fell 4 basis points to 4.

The sharp pullback came as global investors reacted to headlines of escalating military conflict in the Middle East, with Israel and Iran trading lethal missile barrages. US crude climbed 1.21% to $72.64 per barrel, extending gains from last week as markets priced in potential disruptions to energy supply chains.

Degrading Iran's nuclear and military capabilities is good for geopolitical stability, which would be good for markets, Eisman said.

As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply interruptions.

NEW YORK (AP) — U.S. stocks are nudging lower on Tuesday, and oil prices are rising again. It’s a modest return to form for financial markets after worries had seemed to calm on Wall Street Monday.

NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

Most Middle Eastern markets dropped on Sunday as investors signaled growing concerns of a wider conflict amid tit-for-tat attacks by Israel and Iran.

Airbnb is at the centre of a legal battle over alleged corporate support for Israel’s expanding presence in the West Bank