Stocks lost ground in early trading Tuesday, while oil prices moved higher, as investors monitored developments in the escalating conflict between Israel and Iran and digested disappointing economic data.

Oil prices have surged while global shares are lower after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Shares of oil companies were some of the S&P 500's top gainers Tuesday as investors evaluated fresh developments in the conflict between Israel and Iran.

Calm is returning to Wall Street, and U.S. stocks are rallying 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.

Oil prices have risen in response to the Israel-Iran war, bringing them nearly back to the levels where they traded before the Liberation Day tariffs were announced on April 2. Oil stocks are trailing well behind.

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US stocks closed higher as Iran aims to deescalate the clash with Israel. Oil prices eased. Fed meets on rates this week. No one expects a rate cut.