Oil surges as Israel attacks Iran in Middle East conflict, stocks slide with the Dow, S&P 500 and Nasdaq erasing weekly gains. Gold hits new record. FOX Business is providing real-time updates on the markets,

Israel launched large-scale strikes against Iran on Friday, saying it had attacked nuclear facilities and missile factories and killed a swathe of military commanders in what could be a prolonged operation to prevent Tehran building an atomic weapon.

The Iran-Israel conflict has set the stage for a week that will see US Fed and BoJ consider key policy decisions, along with a summit level meeting of Group of Seven leaders, and market participants will weight if the cues get further complicated.

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Bitcoin witnessed a dramatic fall, dropping below $103,000 as the news of Israel's airstrikes on Iran emerged ... tensions continued to drive market reactions globally, underscoring the ...