The president had opposed Israeli action against Iran but came to believe that Israel had reason to act and that the U.S. would have to lend some support.

Gold rose to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven assets.

Global oil prices have continued the week in gain amid tit-for-tat attacks by both Iran and Israel, as the crisis in the Middle East is far from cooling

Attacks force shift in U.S. plan for diplomatic deal in Iran and efforts to disentangle from region.

It’s too soon to tell how exactly the current wave of Israeli strikes could transform the region, but one thing is clear: Israel’s actions have fundamentally reshaped the security landscape of the Middle East.

Smoke billowed above fuel tanks in Tehran and gas plants on Iran’s south coast on Sunday as energy became the latest front line in its conflict with Israel. Iran’s creaking energy sector, starved of foreign investment for years by sanctions,

Donald Trump declared that, “for the first time in a thousand years, the world will look at this region not as a place of turmoil and strife, and war and death, but as a land of opportunity and hope.”

German Chancellor Friedrich Merz said on Sunday he hoped an upcoming meeting of the Group of Seven countries would show unity and could reach agreement on four key points to help resolve the conflict between Israel and Iran.

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.