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Israel and Iran have been exchanging missile attacks.
President Donald Trump stated that Iran has conceded it will not have nuclear weapons.
President Donald Trump asserted that Israeli Prime Minister Benjamin Netanyahu would be required to accept any U.S. deal with Iran.
Israel and Hezbollah exchanged fire, which included Israeli strikes on the southern suburbs of Beirut that killed two people and injured others.
According to Israeli Army Radio, Iran fired approximately 30 missiles at Israel since the previous night.
The Iran-backed Houthis in Yemen have declared a ban on Israeli ships in the Red Sea.
The Houthi ban on Israeli ships threatens the Strait of Hormuz, a key waterway that handles approximately one-fifth of global oil flows.
The Houthis have previously warned they could close the Bab al-Mandeb Strait, which connects the Red Sea to the Indian Ocean.
South Korea's KOSPI index fell by as much as 8.8%, which triggered a 20-minute trading halt.
South Korea's KOSPI index closed down 8.3% and Japan's Nikkei index fell 3.9%.
Nvidia CEO Jensen Huang predicts that artificial intelligence will become infrastructure for the world.
Morgan Stanley strategist Mike Wilson has a baseline target of 8,000 for the S&P 500, representing an approximate 8% increase from current levels.