The opening of a new front in the conflict between Israel and Iran has brought geopolitical risk straight back into the foreign exchange calculus. After the Israeli strikes Friday morning, the dollar witnessed an element of the “flight-to-safety” characteristic traditionally associated with military escalation but as ING,

Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

The Israeli military launched a massive attack on Iran on Friday in a dramatic escalation of their long-running conflict that drew early retaliation from Tehran and raised the risk of another war in the Middle East.

President Donald Trump warned Thursday of the possibility of “massive conflict” in the Middle East that could take place “soon.”

Tensions escalate as Israeli strikes on Iran and subsequent reprisal threats heighten the risk of a broader conflict, potentially involving the United States. While Iran boasts a larger military force,

Global stocks are falling and oil prices are spiking Friday as Israel's attacks on Iran's nuclear program and military leadership sparked worries of a broader Middle East conflict and drove investors into safe-haven assets.

Iran, Iraq and Jordan close airspace and Israel shuts airport after attacks Thousands of flights affected -Eurocontrol Israel’s El Al and Israir evacuate planes from

Israeli prime minister seized chance to strike but risks merely delaying rather than destroying weapons programme