World powers respond to rising Middle East tensions as Israel strikes Iranian sites. The U.S. insists it was not involved in strikes, and the much of the globe urges restraint.

The fighting began when Israel struck nuclear targets in Iran on Friday, in what Tehran called a 'declaration of war'.

The main macro threat from fighting between Israel and Iran is a run-up in energy prices that persists and drives headline inflation higher.

The Israel-Iran conflict has rapidly escalated following Israel's surprise airstrikes on June 13, 2025, targeting key Iranian nuclear and military sites, including Natanz and Isfahan. The strikes killed senior Iranian commanders and scientists,

The government’s registry puts nearly 79,000 Canadians in the Middle East, with more than 2,129 in Iran and another 6,376 in Israel, West Bank and Gaza

The idea that combat fuels more purchases of weapons made by a given firm and makes that company’s stock worth more ignores how long in advance militaries procure weapons.”