Stock markets in the Gulf tumbled in early trade on Sunday as conflict escalated between Israel and Iran, sparking fears of broader Middle East conflict.

Israel’s leader and President Trump appeared to bet they can persevere, but other world leaders warned of unintended outcomes in a volatile region.

Israel's strikes on Iran's nuclear and military sites have pushed the long-simmering rivalry into open warfare, with Tehran retaliating and hitting key Israeli cities. With the US trying to balance diplomacy and deterrence,