Iran conflict could open opportunities for Russia to possibly become a power broker to help end the confrontation.

Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.

Stock futures decline before Monday's session as the escalating conflict between Israel and Iran spiked oil prices and raised investors' concerns about the global economy. WTI crude oil futures surged another 4% Sunday night as trading began to above $76 a barrel.

The U.S. was represented at the UN Security Council's emergency session on Friday by State Department Senior Bureau Official McCoy Pitt, who said the U.S. was advised by Israel that the actions carried out against Iran overnight were "necessary for its self-defense."

Israel unleashed a punishing wave of strikes across the breadth of Iran on Sunday and Tehran hit back with fresh missile barrages, as both sides threatened more devastation in a conflict that appeared to be intensifying.

In a video posted Sunday on X, Haan said gasoline prices have increased by 8% since Israel launched its first attack on Friday and could jump by as much as a quarter soon.

The conflict, the most intense fighting between the two countries in decades, has been met in the United States with feelings of “frustration and helplessness,” as well as heartbreak.

It is the first time that Britain has advised against travel to any part of Israel since 2013, when the FCDO set up its dedicated travel advice pages. Starmer has not ruled out offering air support to defend Israel from Iranian attacks, as additional RAF fighter jets and other military aircraft were deployed to the Middle East.

Jon Faust, who advised three Fed chairs, doesn’t see an interest-rate cut until December — an even then, the odds of a move are just 50/50.