U.S. stock indexes climbed and oil fell from last week's highs on Monday after conflict between Israel and Iran left crude production and exports unaffected, while investors stayed braced for a week packed with central bank meetings.

All three of the major indexes (^DJI, ^GSPC, ^IXIC) closed higher on Monday. Relief about the potential easing of tensions between Israel and Iran led to oil (CL=F, BZ=F) trading lower and investors willing to take more risk on equities.

Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war.

Crude oil futures finish down 1.7% to $71.77 a barrel, with oil under pressure as the latest source of turmoil in the Middle East may meet a quick conclusion. Iranian leaders signal a willingness to negotiate with Israel to put a stop to an exchange of missile fire between both sides.

Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war. The Dow Jones Industrial Average

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