Oil surges as Israel attacks Iran in Middle East conflict, stocks slide with the Dow, S&P 500 and Nasdaq erasing weekly gains. Gold hits new record. FOX Business is providing real-time updates on the markets,

"Israel's 'pre-emptive' strike on Iran has sent volatility surging during Asian trade on Friday. Traders are now on edge over the prospects of a full-blown Middle East conflict, given Iran had already warned it would target Israel’s nuclear facilities if attacked first.

Iran has told mediators Qatar and Oman that it is not open to negotiating a ceasefire while it is under Israeli attack, an official briefed on the communications told Reuters on Sunday, as the two foes launched fresh attacks and raised fears of a wider conflict.