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,

By Saqib Iqbal Ahmed, Suzanne McGee and Linda Pasquini NEW YORK/GDANSK (Reuters) -Investors were on edge as financial markets reopened on Sunday, with crude oil prices initially up near 4% as markets were gripped by the escalating threat of a sweeping conflict in the Middle East.

Iran launched a fresh attack on Israel late Sunday, with an explosion seen in the coastal city of Haifa. Israel began further attacks on military targets in Iran, despite international calls for diplomacy and de-escalation, per CNN.