US Embassy in Israel warned US citizens in the Middle East that the situation could escalate further.

Spot gold fell below $4,360/oz, down more than 2% intraday.

Saudi Arabia plans to issue two benchmark-size dollar-denominated sukuk, 5-year and 10-year, to raise funding after the economic hit from the conflict with Iran, a source said. Orders exceeded $9bn excluding bookrunners' allocations. Initial price guidance was about 100bps over US Treasuries for the 5-year and about 110bps for the 10-year; final size and pricing could be set Tuesday night. Separate reports say Riyadh is also in preliminary talks on a new loan to raise at least $8bn.