“If the Middle East is unstable, the world will not be at peace,” Chinese President Xi Jinping said Thursday. “If the conflict escalates further, not only will the conflicting parties suffer greater losses, but regional countries will also suffer greatly.”

The Western media should be ringing "alarm bells" about the nuclear risks involved in the Iran conflict, Russian foreign ministry spokeswoman Maria Zakharova said, as Israel strikes Iranian nuclear facilities.

The consequences of the increasingly urgent hostilities between Israel and Iran are multifold—humanitarian, geopolitical, and so on. If the situation deepens, it could also have important implications for energy markets and, by extension, climate change and the energy transition.

Stock indexes and Treasury yields end the week little changed.

The Indian rupee ended modestly higher on Friday but fell for a second consecutive week as the conflict between Iran and Israel remained the key driver for global markets and kept energy prices elevated,