Global markets are reeling after a dramatic Friday that saw a confluence of significant events. Israel launched a series of large-scale strikes targeting Iranian military and nuclear facilities. The attacks sent oil prices soaring, jumping nearly 9 percent to near multi-month highs, reflecting the volatile geopolitical landscape.

President Donald Trump weighed in on the escalating situation, suggesting Iran’s resistance to US demands in nuclear program talks had provoked the Israeli action. He urged Iran to negotiate a deal, ominously warning of even more severe attacks if negotiations fail. The US government, however, maintained it had no involvement in the Israeli operation.

Meanwhile, a tragic air disaster unfolded in India. A black box has been recovered from the crash site of an Air India aircraft that went down in Ahmedabad, killing all 242 people aboard. The Aircraft Accident Investigation Bureau (AAIB) has launched a full investigation into the cause of the crash, which occurred shortly after takeoff on a flight bound for London. The Civil Aviation Minister confirmed the tragic loss and the commencement of the official inquiry.

These events highlight a period of intense global uncertainty, with the potential for far-reaching consequences across various sectors and regions.