Futures on Wall Street are currently in cautious mode as they await further details on the ongoing hostilities between Israel and Iran, which have now entered the fourth day. Futures of all three indices are currently trading at the flat line,

U.S. consumer prices rose slightly in May as gasoline prices remained subdued, but inflation is likely to pick up in the months as tariffs boost the cost of imported goods.

U.S. oil prices climbed about 3 percent as markets opened on Sunday evening, hovering around $75 a barrel, after Israel struck several Iranian oil and gas facilities over the weekend.