Follow the latest news after Israel launched strikes at Iran, a dramatic escalation in long-running tensions between the two countries.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.

The attacks prompted the U.K. and Greece to advise shipping fleets to be more cautious in sailing areas like the Red Sea and Strait of Hormuz.

Rising tensions with Iran and fears of an Israeli strike prompted the U.S. to move some of its nonmilitary personnel out of the region.

It pushes a broiling Middle East – where slaughter has become a daily reality for so many – to the very edge of another regional bloody conflict.The deep concern here is that the war will play out on the ground of the countries neighbouring Israel and Iran rather than being another exchange of missile or drone attacks.

US shifts military resources in Middle East in response to Israel strikes and possible Iran retaliation, officials say.

German Foreign Minister Johann Wadephul had to change his trip in the Middle East, dropping a stop in Israel, after the country launched a barrage of strikes across Iran earlier on Friday.