Crude oil rises on Middle East tensions.

Bob Iaccino of Path Trading Partners breaks down the morning's market action, noting lower U.S. equities led by Nasdaq futures. He covers the drop in Treasury yields amid a flight-to-safety bid, which is also driving metals like gold and silver lower. Iaccino examines the rise in WTI crude oil following geopolitical tensions and an attack in Saudi Arabia. Finally, he previews the slate of upcoming corporate earnings and key economic data, including Japan CPI, U.K. retail sales and global manufacturing PMIs.