The Dow dropped more than 750 points Friday as investors fret over the risk of a widening war in the Middle East.

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.

German Foreign Minister Johann Wadephul had to change his trip in the Middle East, dropping a stop in Israel, after the country launched a barrage of strikes across Iran earlier on Friday.

US shifts military resources in Middle East in response to Israel strikes and possible Iran retaliation, officials say.

Israel is prepared to launch an operation against Iran, sources tell CBS News. Contributor Andrew Boyd breaks down the rising tensions between the countries as President Trump comments on Tehran's nuclear program.

The source said that AJet will operate flights to Lebanon only during daylight hours. It plans to operate flights to elsewhere in the Middle East including flying over Iraq withou