U.S. President Donald Trump is weighing a military strike on Iran, while demanding the country’s leader Ayatollah Ali Khamenei “surrender.”

Israeli stocks broke new records Tuesday while US markets dropped, as the war between Israel and Iran kept escalating for a fifth straight day after President

Stock index futures slid on Tuesday, as the Israel-Iran conflict raged on for the fifth consecutive day. S&P 500 futures (SPX) -0.5%, Nasdaq 100 futures (US100:IND) -0.6%, and Dow futures (INDU) -0.6%.

The sharp pullback came as global investors reacted to headlines of escalating military conflict in the Middle East, with Israel and Iran trading lethal missile barrages. US crude climbed 1.21% to $72.64 per barrel, extending gains from last week as markets priced in potential disruptions to energy supply chains.

Amid the tragedy of the Israel-Iran conflict, stocks are proving stoic. Futures early Monday, as the missile attacks continued, showed the S&P 500 once again reclaiming the 6,000 mark. That’s only about 2% shy of the record high struck in February.

US stocks fell, with investors on edge as Israel and Iran continued to trade strikes against a backdrop of shifting US trade policy and stubborn interest rates.

Stock futures wavered before Monday's session as the escalating conflict between Israel and Iran spiked oil prices and raised investors' concerns about the global economy. Dow Jones Industrial Average futures shed 56 points, or 0.1%. S&P 500 futures lost 0.1%, while Nasdaq 100 futures traded around their flatline.

Israeli stocks dropped on their first day of trading after Prime Minister Benjamin Netanyahu’s government began airstrikes against Iran. Saudi Arabia’s equity benchmark slid as concerns of a wider conflict gripped the region.