Investors have been weighing the odds of further escalation in the conflict and spillover into the broader oil-rich Middle East.

The US embassy in Tel Aviv has suffered damage after an Iranian missile struck a residential area of the city, the ambassador to Israel said.

Iran fired a new wave of missile attacks on Israel early Monday, triggering air raid sirens across the country as emergency services reported at least five killed and dozens more wounded in the fourth day of open warfare between the regional foes that showed no sign of slowing.

Iranian missiles struck Israel’s Tel Aviv and the port city of Haifa before dawn on Monday, destroying homes and fuelling concerns among world leaders at this week’s G7 meeting that

The latest salvo comes after a weekend of escalating tit-for-tat attacks between Israel and Iran that raised fears of a wider, more dangerous regional war.

Dozens of others were injured overnight across Israel, the authorities said. Israel was striking military sites in Iran and the four-day-old conflict showed no sign of slowing.

Israel and Iran kept up their attacks, killing and wounding civilians and raising concern among world leaders meeting in Canada this week that the biggest battle between the two old enemies could lead to a broader regional conflict.

Iran has retaliated against Israeli strikes with ballistic missiles in Jerusalem and Tel Aviv. Rep. Eugene Vindman, member of the House Armed Services Committee, joins The Weeknight to break down the escalating violence in the Middle East,