With a series of daring intelligence operations and fierce military campaigns, Israel has effectively disabled Iranian allies Hamas and Hezbollah, while also prompting the collaps

Sterling was muted against the dollar on Monday ahead of a Bank of England meeting this week, with markets adopting a wait-and-see approach to rising geopolitical uncertainty, as a conflict between Israel and Iran showed no sign of abating.

In many ways, it’s conceivable that Israel's Operation Rising Lion will alter the military balance of power in the Middle East more so than the 1991 Persian Gulf War.

The war between Israel and Iran is in its fourth day, with Israel striking at military sites and Iran's nuclear program and Iran firing missiles in retaliation

Iranian missiles damaged the US embassy in Tel Aviv, escalating tensions. Israel retaliated with strikes on Iran's energy sector, while both sides continued attacks.

The UK sent jets and air tankers amid fears Iran will blockade Strait of Hormuz and spark massive oil price hikes.

Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

Iran has always said its nuclear program was peaceful, and the U.S. and others have assessed that it has not pursued a weapon since 2003. But Iran has enriched ever larger stockpi