Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. Equities extended gains on news reports Iran is signaling it wants to restart talks over nuclear programs.

The two sides were scheduled to meet for a sixth round of negotiations on Sunday. Oman, which was set to host the talks, said on Saturday that this round had been canceled.

The sixth round of U.S.-Iran nuclear talks will be held on Sunday in Muscat, the Omani foreign minister said on Thursday, after U.S. President Donald Trump reiterated that Tehran would not be allowed to have a nuclear weapon.

Israel's conflict with Iran represents far more than another Middle Eastern crisis—it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again.

Seyed Ali Alavi, a lecturer in Middle Eastern studies at SOAS University of London, said that the strikes would doubtless cast a shadow over Sunday's talks ... East to possess nuclear weapons ...

"We wouldn't like to see some kind of nuclear race in the Middle East," Israeli diplomat Tsach Saar told Newsweek.

The move to reduce staff at some U.S. installations in the Middle East comes ... can't have a nuclear weapon." Trump has repeatedly threatened to strike Iran if stuttering talks over its nuclear ...

The fear is that this war between Israel and Iran will play out on the ground of all the countries in between, writes chief international correspondent Bel Trew from Damascus

Israel unleashed airstrikes across Iran for a third day Sunday and threatened even greater force as some Iranian missiles evaded Israeli air defenses to strike buildings in the heart of the country. Planned talks on Iran’s nuclear program,