Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening risk appetite in a week also packed with key central bank decisions.

Implied volatilities jumped higher across asset classes last week as Middle East tensions escalated. Click to read.

A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean won, according to Barclays Plc.

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.

A spike in international crude oil prices triggered by geopolitical tensions poses a significant risk of depreciation for several major Asian oil-importing currencies, according to analysts.

This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

U.S. stock indexes rose on Monday as oil prices fell after the Israel-Iran attacks left crude production and exports unaffected, allaying investor concerns ahead of a central bank policy meeting. Crude prices retreated more than 3% on reports that Iran is seeking an end to hostilities with Israel,