The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.

Israel’s attacks on Iran’s nuclear facilities risk pushing back the timeline for Federal Reserve interest-rate cuts as the US central bank waits to assess any potential impact on inflation, economists said.

Gold is shining as Treasurys remain under pressure — but it’s probably too soon to write off U.S. debt as a safe-haven asset.

Israel’s leader and President Trump appeared to bet they can persevere, but other world leaders warned of unintended outcomes in a volatile region.

JERUSALEM, ISRAEL | Xinhua | Israel on Friday launched a large-scale “preemptive, precise, combined” strike on Iranian military and nuclear sites, prompting retaliatory attacks from Tehran. Analysts warn that the attacks could dramatically deteriorate the already volatile situation in the Middle East and ignite a wider regional war.

The ongoing Israel Iran war has unleashed not only a massive aerial assault with missiles and drones causing heavy destruction in both the countries but could potentially impact global economy including India with whom the two have trade relations.

Israel's strike on Iran spurred an immediate risk-off move across markets as stocks tumbled and gold surged.

Trump now faces a difficult balancing act between supporting Israeli strikes and salvaging fragile nuclear negotiations with Iran, which he emphasized on Friday remain a priority.

Wall Street's main indexes were on track to open lower on Friday after Israel's deadly strike on Iranian nuclear facilities inflamed tensions in the oil-rich Middle East and battered risk sentiment across global markets.

"Vladimir Putin condemned Israel's military operation against Iran and expressed serious concern about a possible escalation of the conflict, which would have unpredictable conseq