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

Israel's strike on Iran sparked turmoil in financial markets ... Oil spikes The price of crude oil surged as market participants braced for potential supply disruptions in the Middle East.

According VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, the impact on market will depend on how long the conflict lingers. In the near-term the market will be in a risk-off mode.

At one of the residential sites hit in Haifa last night, many people are shocked but still support the government’s initial strikes on Iran. But that’s not representative of everyone. Orna tells me she felt the timing wasn’t good.

US stocks extended gains as Iran aims to deescalate the clash with Israel. Oil prices ease. The Fed will meet on rates this week.