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.

The Israeli military said Monday that it can now fly over the country's capital, Tehran, without facing major resistance after crippling Iran’s air defenses in recent strikes, enabling Israel to hit an expanding range of targets with relative ease.

Wall Street is reacting to the ongoing conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady reports.

Fitch Ratings said on Monday that a spillover from the Israel-Iran conflict appears to be within a range that can be absorbed by Israel's 'A'/Negative rating level.

As the Israel-Iran conflict focuses attention on immediate energy security risks, the new IEA medium-term outlook sees the global oil supply increase set to far outpace demand growth in the coming years.

Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of Hormuz.

European shares opened lower on Tuesday as the air war between Iran and Israel entered its fifth day, raising the risk of further unrest and pushing investors to safer assets.

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 conflict with Iran represents far more than another Middle Eastern crisis—it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.