Looking ahead, investors will watch closely for updates on the Israel-Iran conflict, the US Federal Reserves decisions, and how the monsoon season develops in India. Investors are expected to be cautious because stock prices are already high and political tensions continue.

Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine.

Diamondback Energy stock rose 5% and Occidental Petroleum rose nearly 5% as a swathe of energy-related stocks reacted to a jump in crude prices after Israel's attack on Iran. Conoco-Phillips' stock rose 4%, ExxonMobil rose 3% and Chevron gained 2.7%.