Oil prices jump by about 2% and markets fall as US-Iran tensions escalate sharply

Tehran launched about 10 ballistic missiles at northern Israel in response to Israel bombing a target in southern Beirut

Countries urge Tehran and Washington to pull back from the brink after helicopter downing in Hormuz Strait.

Trump suggested his patience with Iran's leadership had run out, and they would now "pay the price" after negotiating too long.

Oil prices jump by about 2% and markets fall as US-Iran tensions escalate sharply