Iran fired a new wave of missile attacks on Israel early Monday, killing at least eight people, while Israel warned residents of part of Tehran to evacuate ahead of new strikes.

The S&P 500 could sink as much as 20% if conflict between Israel and Iran escalates or is dragged out a lot longer, RBC said in a note.

Israel's blistering attack with warplanes and drones against Iran’s nuclear and military structure has sparking an open conflict between the two long-time foes that threatens to escalate.

Israel has launched a series of strikes against Iran, targeting the country’s nuclear program and other military infrastructure. Iran has launched its own strikes in retaliation.

At least 24 people have been killed in Israel as Iran launched retaliatory airstrikes targeting civilian areas. A U.S. Embassy branch in Tel Aviv suffered minor damage.

BBC Verify uses open-source intelligence, satellite imagery, fact-checking and data analysis to help report complex stories Using new satellite imagery to locate strikes and assess damage across Iran and Israel as the conflict between the two countries enters its fourth day Hello and good morning from the live page team here at BBC Verify.

Israel and Iran have opened a new chapter in their long history of conflict when Israel launched a major attack with strikes early Friday on Tehran.