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Fortune

Jason Ma

Dow futures reverse higher and oil prices pare gains as escalating Israel-Iran conflict targets critical energy assets

Oil Israel Iran Brent US Federal Reserve

(Credit: Atta Kenare—AFP via Getty Images)

Stock futures were higher on Sunday as investors weighed the impact of the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead. Oil prices rallied after Israel attacked key areas of Iran’s energy infrastructure over the weekend, while Tehran said closing off the Strait of Hormuz was under serious consideration. Fed policymakers will meet in the coming week.

U.S. stocks signaled a rebounded Sunday night as futures rose amid the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead.

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