The fighting caused an expected rise in U.S. and global oil prices. Reaction in the U.S. bond market, which was closed Monday for Columbus Day, will have to wait another day. The market does not know how to factor in what's happening in the Mideast, Jim Cramer said Monday afternoon. Concern about wider fallout from the Hamas-Israeli conflict is likely to put a floor under oil prices for the time being. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

---

Persons: Brent, Jim Cramer, Jim, Stocks, Jim Cramer's, Yahel Gazit Organizations: Hamas, West Texas, Dow Jones, Nasdaq, Columbus, Ukraine, U.S, Wells, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: Israel, U.S, Saudi, United States, Gaza, Iran, Wells Fargo, Tel Aviv