MIDEAST STOCKS-Major Gulf markets rebound amid Iran-Israel conflict

June 16 (Reuters) - Major stock markets in the Gulf rose in early trade on Monday, recovering some of their losses from previous sessions when they were rattled by the escalating conflict between Israel and Iran.

Saudi Arabia's benchmark index .TASI gained 1.2%, led by a 1.9% rise in Al Rajhi Bank 1120.SE and a 3.2% increase in Saudi Arabian Mining Company 1211.SE. The index had fallen 1% on Sunday.

Oil prices - a catalyst for the Gulf's financial markets -were volatile, after surging 7% on Friday, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East.

The Qatari index .QSI advanced 1.7% - a day after falling more than 3% - buoyed by a 2.4% leap in Gulf's biggest lender Qatar National Bank QNBK.QA and a 1.5% gain in petrochemical maker Industries Qatar IQCD.QA.

Iranian missiles struck Israel's Tel Aviv and the port city of Haifa before dawn on Monday, destroying homes and fuelling concerns among world leaders at this week's G7 meeting that the confrontation could lead to a broader regional conflict.

Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response.

Dubai's main share index .DFMGI added 0.8%, with Parkin Company PARKIN.DU - which oversees public parking operations - rising 2.3% and toll operator Salik SALIK.DU was up 0.7%.

In Abu Dhabi, the index .FTFADGI edged 0.2% higher.