Oil prices flip-flop and US stocks drift as Wall Street waits for Iran’s reaction to US strikes

News Snapshot:

NEW YORK (AP) — Oil prices are flip-flopping and the U.S. stock market is holding relatively steady following the United States’ bunker-busting entry into Israel’s war with Iran. Oil jumped as much as 4% shortly after trading began on Sunday night, but it quickly pared the gain by Monday morning. The S&P 500 was flat at the opening of trading. The Dow Jones Industrial Average dipped 35 points, and the Nasdaq composite slipped 0.1%. Markets calmed down amid hopes that Iran will not retaliate in a way that disrupts the global flow of crude, which would hurt economies worldwide but...