Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

Wall Street has all but dismissed the threat of a shock from the conflict. But the danger hasn’t completely passed, and other dangers are building.

The recent Israeli airstrikes in Iran are unlikely to significantly affect the U.S. economy, according to top economists, according to Benzinga. Nomura’s David Seif said recession risks have risen “only by a tiny bit,

Israel's "preemptive" strikes against Iran targeting the country's nuclear program and killing top military officials could have far-reaching implications for Ukraine and could boost Russia's ability to continue its full-scale invasion,

Anger is mixed with worry as Iranians in the capital of Tehran have woken up to images of their country’s retaliatory attacks on Israel

ABC's Marcus Moore in Ramat Gan, Israel, reports Iran calling off scheduled nuclear talks with the U.S. as Israel and Iran launch new waves of attacks.