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.

Oil surges as Israel attacks Iran in Middle East conflict, stocks slide with the Dow, S&P 500 and Nasdaq erasing weekly gains. Gold hits new record. FOX Business is providing real-time updates on the markets,

Stock index futures sank on Friday after Israel targeted Iran with a series of strikes against nuclear sites and military targets, raising fears of an all-out war in the Middle East.