Leaders of some of the world’s biggest economic powers will arrive in the Canadian Rockies on Sunday for a Group of Seven summit overshadowed by a widening war across the Middle East and U.S. President Donald Trump’s unresolved trade war with allies and rivals alike.

AMANEY A. JAMAL is Co-Founder and Co-Principal Investigator at Arab Barometer, Dean of the Princeton School of Public and International Affairs, and Edwards S. Sanford Professor of Politics and International Affairs at Princeton University.

In sweeping attacks that started Friday, Israel struck at the regime in Tehran, hitting Iranian nuclear and military assets. Iran retaliated with barrages of ballistic missiles and drones. It is the most intense fighting in decades between the two heavily armed countries.

Following Israeli strikes on Iran, one retired military officer told NewsNation, The Hill’s sister network, that the U.S. should stay out of the fight. Iran has already vowed retaliation and the U.S. has shifted military assets into the region in case they are needed.

Israeli strikes on Iran and Tehran’s vows of reprisals have brought the two Middle East adversaries closer to an all-out war, which also threatens to draw in the United States, at least to

Israel’s attacks on Iran renewed fears of war between the countries and immediately threatened the region’s economy.

Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel's strike on Iran heightened Middle East tensions.

The latest conflict in the Middle East is rattling financial markets all over the world. Stock prices fell as oil prices soared. Kelly O'Grady has more.