India, July 13 -- The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after turning in a strong performance last week.
The downward momentum on Wall Street comes as the price of crude oil surges amid the continued exchange of attacks between the U.S. and Iran.
U.S. Central Command said it completed a new wave of offensive strikes against Iran on Sunday, hitting dozens of targets at multiple locations with precision munitions.
Tehran responded by attacking Gulf Arab states, including Bahrain, Kuwait, Qatar, Jordan and Oman, further straining the fragile ceasefire between the two countries.
U.S. crude oil futures are soaring by more than 4 percent amid conflicting statement...