The escalating conflict between the US and Iran took a dangerous turn as Israel launched new airstrikes, with President Trump vowing to take "whatever it takes" in the widening hostilities. The situation has created uncertainty in Washington about the potential duration and scope of military engagement as tensions continue to flare across the Middle East. Bloomberg's John Harney reports on the developing crisis.

Energy markets have reacted strongly to the geopolitical tensions, with oil prices experiencing significant volatility amid concerns about supply disruptions from the region. The conflict's expansion threatens to upend global energy flows as major shipping lanes face potential instability. Investors are closely monitoring the situation for any indication of how long the hostilities might last.

The deteriorating security situation has forced businesses in the region to reassess their operations, with many multinational corporations evaluating contingency plans for their Middle Eastern assets. The Trump administration's mixed messaging has added another layer of complexity for companies trying to navigate the increasingly volatile landscape. The economic consequences could extend far beyond the immediate combat zone.