US stocks open higher as the Israel-Iran conflict remains contained. Oil prices dip. The Fed is set to meet on rates.

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

The missile exchanges dominate global market focus as it intensified fears of energy supply disruptions. West Texas Intermediate (WTI) crude futures climbed as high as $74.78 per barrel Sunday evening, but eased back to below $72.54 per barrel this morning, though that remains 11% above where it traded last Monday.

US stocks fall on Israel-Iran worries, with Dow down xxx pts. Oil rises on supply worry. Gold hit a record high and US dollar rises on flee to safety.

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.

Paint manufacturers such as Asian Paints, Berger Paints, and Kansai Nerolac source around 50% of their raw materials from crude-based derivatives like resins and solvents. These input costs are highly sensitive to crude fluctuations.

On TheStreet Pro Stephen Guilfoyle offers a helpful summary of what's happening in the Middle East in today's Daily Market Recon. He tells us that the Israelis "launched a series of highly calculated,

Gift Nifty was trading 51.60 points, or 0.21 per cent, higher at 24,779. Asian markets were largely mixed, with Japan's Nikkei and Korea's Kospi rising 0.74 per cent and 0.29 per cent, respectively.