Futures on Wall Street are currently in cautious mode as they await further details on the ongoing hostilities between Israel and Iran, which have now entered the fourth day. Futures of all three indices are currently trading at the flat line,

Financial markets reopened Monday with investors squarely focused on escalating geopolitical tensions as Israel and Iran continue to bombard each other with no sign of a pause.Oil jumped in early Asia trading after Israel on Sunday reported new missile attacks from Iran,

The Middle East conflict is impacting a wide range of sectors besides the obvious oil and defense names, as a surge in oil prices can affect consumer behavior in many ways.