Five Things You Need to Know to Start Your Day: Americas

WATCH: Oil Surges Again as Iran Strikes Israel

Good morning. Oil is rallying for a second day as Middle East tensions mount. US stocks are poised for a muted open following yesterday’s flight to safety, Nike shares are set to fall after the firm withdrew its guidance and KKR is weighing a takeover bid for an Asian chipmaker. Here’s what’s moving markets. — Morwenna Coniam

Want to receive this newsletter in Spanish? Sign up to get the Five Things: Spanish Edition newsletter.