Oil prices have risen in response to the Israel-Iran war, bringing them nearly back to the levels where they traded before the Liberation Day tariffs were announced on April 2. Oil stocks are trailing well behind.

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.

Stocks moved sharply higher Monday morning, recovering from steep losses the previous session, as investors keep close tans on the latest developments in the ongoing conflict between Israel and Iran.

By Wayne Cole SYDNEY (Reuters) -Asian shares proved resilient on Monday and oil prices rose anew as the conflict between Israel and Iran showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.

Dow, S&P 500 and Nasdaq set for opening gains after Friday's 770-point blue-chip fall; Oil extends gain as gold slips. Follow along to the action on Monday aft

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.

TotalEnergies SE (NYSE:TTE) is one of the 10 most undervalued oil stocks to buy according to analysts. On June 4, TotalEnergies SE (NYSE:TTE) declared that it had signed a deal with Shell Brasil Petróleo Ltda to swap its 20% non-operated stake in the Gato do Mato project for a 3% stake in the offshore oil field Lapa.

U.S. stock indexes climbed and oil fell from last week's highs on Monday after conflict between Israel and Iran left crude production and exports unaffected, while investors stayed braced for a week packed with central bank meetings.