The escalating conflict in the Middle East dragged stocks lower and sent oil prices surging on Friday, marking the latest geopolitical episode to rattle the markets this year. Stocks fell sharply after Israel launched a wide-ranging attack against Iran’s nuclear facilities and military leadership,

Oil surged, stocks fell and investors sought safety in the U.S. dollar and government bonds after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them.

Oil prices leaped and stocks slumped June 13 on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of