Middle Eastern stocks rose, led by Israel and Egypt, as the region’s traders bet the US intervention in the Iran conflict will accelerate its end.Israel’s TA-35 benchmark index advanced 0.8% as of 12:34 p.

Israeli markets rose to record highs Wednesday, continuing to outperform U.S. benchmarks despite the ongoing conflict with Iran. The TA-35 and TA-125 indexes each climbed about 1%, while the shekel strengthened 0.

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