Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.

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.

Crude jumps on Middle East tensions. Oil stocks like CIVI, APA and FANG rally on supply fears and rising risk premiums.

Geopolitics and the surge in the oil price are dominating markets on Friday. Brent and WTI crude oil are higher by 7% and 6% respectively, after Israel launched airstrikes on Iran. Brent is now trading at $74 per barrel,

The stock market opens a shortened trading week under the shadow of escalating Middle East tensions following Israel's attack on Iran's nuclear, missile and military complex early Friday. Oil prices soared and stocks sank Friday after Israel launched strikes on nuclear and military sites in Iran,

Never try and predict what the price of oil is going to be, because there’s one sure thing: You’re going to be wrong,” says Baker Hughes CEO Lorenzo Simonelli.

This week, the Canadian Dollar (CAD) could experience considerable volatility. Two major events are in the spotlight: the next decision by the US Federal Reserve (Fed) on Wednesday evening, and the surge in Oil prices fueled by tensions in the Middle East.