Degrading Iran's nuclear and military capabilities is good for geopolitical stability, which would be good for markets, Eisman said.

Stocks rose and oil prices retreated on Monday as investors shrugged off the continuation of hostilities between Israel and Iran over the weekend.

To get a better sense of what’s driving the oil market and what economic risks might lie ahead, MM caught up with Rory Johnston, an oil market analyst at research service Commodity Context who’s been following all of this closely.