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U.S. diplomatic outposts in Kuwait and Saudi Arabia were closed on Tuesday as Israel struck Iran and Lebanon and war spread into the fourth day.
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At least three U.S. embassies have closed since the Trump administration warned Americans in 14 countries to "LEAVE NOW" as Iran steps up retaliatory strikes.
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European stocks ended firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continued to weigh on market sentiment.
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The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
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The Middle East has been one of the few bright spots in a sector that is struggling to get sales back on track.
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Air travel in the Middle East has been severely disrupted since Saturday, with thousands of flights cancelled.
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The United States evacuated diplomats across the Middle East and shut down some embassies as war with Iran intensified Tuesday while President Trump signaled the conflict could turn into extended war.
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With the war against Iran underway, and the U.S. military as a powerful ally, the Israeli government is seizing its chance to move against other adversaries.
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