Premarket: Oil flip-flops and global stocks are mixed after the U.S. strikes Iranian nuclear sites

News Snapshot:

Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched Monday to see how Iran will react. The price of oil initially jumped more than 2 per cent but later fell back, losing about 0.4 per cent. U.S. stock futures edged higher and share benchmarks in Europe and Asia were mixed. The big unknown is what Iran will do, analysts said, while the U.S. military’s strike on three Iranian sites raised urgent questions about what remains of Tehran’s nuclear program. “I believe what we are thinking is or the thinking is that...