"While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver."

if Trump decides to bomb Iran and the conflict produces a prolonged disruption to the supply of oil, that might strengthen the dollar while damaging the global economy.

Analyst notes from UBS and Oxford Economics suggest the impact of a fallout in the Middle East could be manageable.

"While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver."

“Our objective was the destruction of Iran’s nuclear enrichment capacity and a stop to the nuclear threat posed by the world’s No. 1 state sponsor of terror.”

Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.

America's involvement in the Iran-Israel conflict could buffet an economy that's already weakening.

The United States on Saturday conducted air strikes on three of Iran's nuclear sites, joining Israel's war against Tehran. The timing was unexpected.

The United States on Saturday conducted airstrikes on three of Iran's nuclear sites, joining Israel's war against Tehran. The timing was unexpected.

Escalating Israel-Iran conflict could disrupt oil trade and shake markets, analysts say.

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.