Oil prices edged higher Wednesday as markets assessed the risk of direct U.S. involvement in the Iran-Israel conflict. Brent crude rose 0.4% to $76.73, and WTI climbed 0.5% to $75.24 after both fell over 1% earlier.

U.S. stocks slumped on Tuesday under the weight of another jump for the price of oil. It was a return to form for financial markets after Wall Street’s worries about Israel’s fighting with Iran had seemed to calm a bit on Monday.