U.S. stock index futures rose on Monday as easing oil prices supported sentiment despite ongoing attacks between Israel and Iran, while investors focused on the upcoming Federal Reserve meeting. Wall Street indexes shed more than 1% on Friday as oil prices surged 7% after Israel and Iran traded air strikes,

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.

This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

ConocoPhillips is poised for growth amid rising oil prices with strong Q1 earnings and potential outperformance of major rivals. Learn more about COP stock here.

Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

I avoid long-term oil investments due to unpredictable price swings, but high implied volatility now creates an opportunity to sell options for