Israel continues to carry out strikes against Iran as part of a massive joint military offensive with the U.S. known as "Operation Epic Fury."

Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.

“This is definitely an escalation,” she said of the recent strikes.

Ayatollah Ali Khamenei, who assembled theocratic power in Iran over the decades as its supreme leader and sought to turn it into a regional powerhouse, bringing it into confrontation with Israel and t...