Russian President Vladimir Putin held phone calls with Israeli Prime Minister Benjamin Netanyahu and Iranian President Masoud Pezeshkian on Friday after Israel hit Iran in a series of strikes.

Israel’s unprecedented attack on Iran raises the specter of sharply higher gasoline prices, just as the summer driving season heats up.

Israel strikes Iran after neutralizing Hezbollah as Tehran’s response falters, exposing deep regional shifts and vulnerabilities.

Republicans and some Democrats offered strong support for Israel’s move, but many Democrats called for de-escalation and warned of the consequences of a broader war.

"Our support for Gaza and our defense of our country against the Zionist aggression against it has continued," a Houthi source told Newsweek.

That scenario now appears alarmingly close. On the evening of June 12th, Israel launched dozens of air strikes on Iranian military and nuclear sites. The attack threatens to inflame the Gulf, which pumps a third of the world’s oil. Brent crude, the global benchmark, rose by 8% on June 13th, to $74 a barrel (see chart). How high might it now go?

Israel’s attacks on Iran renewed fears of war between the countries and immediately threatened the region’s economy.

Energy Aspects' Richard Bronze and Pickering Energy Partners' Dan Pickering, join 'The Exchange' to discuss the Israel-Iran conflict and how it may impact the oil sector.

A United Nations conference co-hosted by France and Saudi Arabia aimed at mapping out concrete steps toward a two-state solution between Israel and the Palestinians has been postponed after Israel's strikes on Iran’s nuclear program and military leadership,

Israel's attack on Iran sparked the biggest jump in crude oil prices since Russia's invasion of Ukraine more than three years ago. Stocks fell sharply.

The Middle East conflict is impacting a wide range of sectors besides the obvious oil and defense names, as a surge in oil prices can affect consumer behavior in many ways.