Oil prices are rising due to heightened tensions between Israel and Iran, warnings from President Trump, and reports of oil tanker fires, despite previous dips after initial reactions to missile exchanges.

Stock futures fell sharply and oil prices soared Friday morning as Israel launched strikes against Iran's nuclear program and key personnel, heightening concerns about the possibility of a broader conflict in the region.

The U.S. has denied any involvement in Israel’s strikes, a position that the Trump Administration has repeated multiple times since Friday. “We are not involved in strikes aga