Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.

Oil prices jumped to the mid $70 level late Thursday after Israel attacked Iran, a move that was foreshadowed by President Donald Trump on Thursday.

U.S. Secretary of State Marco Rubio said on Thursday the United States was not involved in Israel's strikes against Iran while also urging Tehran not to target U.S. interests or personnel in the regio...