Iran said the Shahran oil depot in Tehran was targeted in an Israeli attack on Saturday but that the "situation was under control".

Here are a five worst case scenarios for global oil markets, split between what Israel and Iran may do next in an unpredictable and rapidly escalating conflict.

Iran launches missiles at central and north Israel as the Israeli military carries out further strikes in Iran.

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

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.