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According to CNN: A senior White House official says Trump does not want more military intervention in the Middle East. But Trump is willing to escalate U.S. military involvement if necessary.

Market analyst Shawn Donnan says Iran's initial response so far may be limited. But it's another reminder that the conflict could hit the global economy beyond oil in a number of different ways. The missile launch shut down Qatar and the United Arab Emirates' airspace and disrupted commercial flights to Doha and Dubai. It's a temporary precaution, and if it's a one-off, things could get back to normal soon. But the two Gulf states are home to major aviation hubs...

Iranian missiles do not appear to have hit a US air base in Qatar, according to US officials, after Qatar's defence minister said Qatari air defence systems had intercepted a missile attack on Al Udeid.

According to two White House sources quoted by CNN, Trump is monitoring Iran for possible retaliation against multiple U.S. bases in the region, including Bahrain and Iraq, in addition to Qatar, and possibly many more.

Israeli military spokesperson: A few hours ago, the Israel Defense Forces completed the largest attack on Tehran in history. Strikes will continue at all levels of Iran.

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According to Middle East sources, Iran notified the United States and Qatar through two diplomatic channels hours before the attack. According to Axios, the Trump administration was informed in advance of Iran's planned attack on Udeid Air Base.

WTI crude oil fell back below $69 a barrel, down 6.34% in the day. Brent crude oil plunged 6% in the day, now trading at $71.27 a barrel.

Iran's retaliatory strike on the US base in Qatar was less severe than investors had feared, easing market fears that the conflict would immediately disrupt supplies from the Middle East, sending oil prices lower. US oil plunged 4% after Iran launched a missile at the US base in Qatar, and traders had feared that Iran's retaliatory response would involve closing the Strait of Hormuz, through which about a fifth of the world's oil passes. Although there were initial fears that Iran would disrupt ...

Federal Reserve Goolsbee: If the impact of trade policy wears off, we should continue to cut interest rates.

According to Syrian security sources, the main US bases in Syria are on full alert for possible attacks from Iran or groups linked to Iran.