Gold rose to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven assets.

Iran conflict could open opportunities for Russia to possibly become a power broker to help end the confrontation.

The U.S. was represented at the UN Security Council's emergency session on Friday by State Department Senior Bureau Official McCoy Pitt, who said the U.S. was advised by Israel that the actions carried out against Iran overnight were "necessary for its self-defense."

India's equity benchmarks are set to open little changed on Monday after two straight sessions of losses, as the conflict between Israel and Iran showed no signs of cooling, denting risk sentiment.

Israel and Iran kept up their attacks on each other on June 15 as leaders of the Group of Seven began gathering in Canada for a summit expected to discuss the fighting and ways to keep the conflict from further escalating.

"The full strength and might of the U.S. Armed Forces will come down on you at levels never seen before," Trump warned.

Smoke billowed above fuel tanks in Tehran and gas plants on Iran’s south coast on Sunday as energy became the latest frontline in its conflict with Israel. Iran’s creaking energy sector, starved of foreign investment for years by sanctions,

Jon Faust, who advised three Fed chairs, doesn’t see an interest-rate cut until December — an even then, the odds of a move are just 50/50.