The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.

In their fourth day of fighting, with no end in sight, ripples from the Israeli-Iranian conflict are beginning to rock global supply chains. Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes as they assess the risks,

Israel's shekel jumped sharply and stocks and bonds gained on Monday as investors began to look beyond the escalating conflict with Iran and shape a more favourable long-term risk assessment for the country's assets.

British Prime Minister Keir Starmer said all G-7 leaders agree the Israel-Iran conflict risks inflaming the 'tinderbox' of Gaza and hurting the global economy.

Israel and Iran have begun a new round of attacks, as the conflict between the two heavily armed rivals enters its fourth day.

The young girl sits on the dusty floor, clutching her father’s shoe close to her chest as she cries and screams in anger. Bisan Qwaider is unconsolable. Her father has just been killed while trying to get food for her and her 10 hungry siblings.

A dramatic spike in the potential for all-out war between Israel and Iran would typically be expected to spark an immediate and strong rally in the U.S. dollar, with investors seeking the safety and liquidity of the world's reserve currency.

The conflict between Israel and Iran has wreaked considerable damage in both countries and caused casualties on both sides