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Stock futures rebounded slightly early Monday as the spike in oil prices due to the escalating conflict between Israel and Iran eased for a moment. Stock gains were muted as investors remained concerned about the rising geopolitical risk to the global economy.

Israel attacked the energy infrastructure of Iran, a major oil producer over the weekend. Yet prices of oil were falling Monday. Escalation of the war is a major risk for oil as Iran is the third-bigg

An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.