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.

Israel's strike on Iran spurred an immediate risk-off move across markets as stocks tumbled and gold surged.

US stocks fall on Israel-Iran worries, with Dow down xxx pts. Oil rises on supply worry. Gold hit a record high and US dollar rises on flee to safety.