The Israeli stock market declined during the first day of trading after Israel launched an air strike on Iran. Saudi Arabia's benchmark stock index fell as fears of a wider conflict erupted in the region. The Tel Aviv Stock Exchange 35 Index opened down 1.5% on Sunday, continuing last week's 1.5% decline. All stock indices on the Saudi Stock Exchange fell 2.5%. Egypt's EGX 30 index fell 7.7%, the biggest drop in more than a year. These markets are closed on Friday. Israel and Iran have entered the third day of mutual bombardment. On Friday, when hostilities broke out, the Israeli shekel recorded its biggest drop in 11 months, while oil prices soared 7%. The worsening conflict has also brought shock waves to financial markets, prompting investors to flock to traditional safe-haven assets such as gold and dollars.

The Israeli stock market declined during the first day of trading after Israel launched an air strike on Iran. Saudi Arabia's benchmark stock index fell as fears of a wider conflict erupted in the region. The Tel Aviv Stock Exchange 35 Index opened down 1.5% on Sunday, continuing last week's 1.5% decline. All stock indices on the Saudi Stock Exchange fell 2.5%. Egypt's EGX 30 index fell 7.7%, the biggest drop in more than a year. These markets are closed on Friday. Israel and Iran have entered the third day of mutual bombardment. On Friday, when hostilities broke out, the Israeli shekel recorded its biggest drop in 11 months, while oil prices soared 7%. The worsening conflict has also brought shock waves to financial markets, prompting investors to flock to traditional safe-haven assets such as gold and dollars.