Oil flip-flops and shares are mixed after the US strikes Iranian nuclear sites

Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched Monday to see how Iran would react.

The price of oil initially jumped more than 2% but later fell back, losing about 0.4%. 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…