Overview

• Israeli jets struck Iran’s nuclear and missile facilities, prompting Tehran to retaliate with waves of drones and missiles
• West Texas Intermediate crude jumped over 7 percent to about $73 a barrel on concerns that supply routes could be disrupted
• Major U.S. stock indexes sank more than 1 percent, erasing modest weekly gains as investors reduced exposure to risk assets
• Bitcoin slid roughly 4 percent to near $104,000 and Ethereum plunged close to 9 percent during a broad cryptocurrency selloff
• Gold climbed to near two-month highs and the U.S. dollar strengthened while the Federal Reserve maintains its current interest-rate policy