The conflict between Israel and Iran has forced many countries in the Middle East to close their airspace, as Israeli jets and Iranian exploding drones and missiles fly over their night skies.

Haifa and Tel Aviv struck by Iranian missiles as U.S. embassy in Israel directs government employees and families to shelter in place at home.

The Israel-Iran conflict has escalated into its fourth day with mounting casualties, widening attacks, and no sign of diplomatic resolution.

Fitch Ratings said on Monday that a spillover from the Israel-Iran conflict appears to be within a range that can be absorbed by Israel's 'A'/Negative rating level.

Despite stunning early successes in Israel’s unprecedented strikes on Iran, a weekend of intensive bombardment and retaliation is raising questions about Israel’s exit strategy – how it can end this conflict with its ambitious goals achieved.

China warned the Iran-Israel conflict may spread wider instability in the Middle East, with Foreign Minister Wang Yi reaching out to both countries as their days-old conflict shows no end in sight.

Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply.

Israel's air force achieved a "remarkable feat," said William Freer, a research fellow for national security at the U.K.-based Council on Geostrategy.