When Israel launched Operation Rising Lion, officials in Russia described the current escalation in the Middle East as "alarming" and "dangerous." Still, Russian media were quick to stress the potential positives for Moscow.

Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries.

Stock futures rebounded slightly early Monday as the spike in oil prices due to the escalating conflict between Israel and Iran eased for a moment. Stock gains were muted as investors remained concerned about the rising geopolitical risk to the global economy.

President Donald Trump abruptly left the Group of Seven summit Monday, departing a day early as the conflict between Israel and Iran intensified.

The warning came on the fourth day of the conflict, when the Israeli military claimed it had achieved air superiority over Tehran.