Oil prices are up and stocks are down, as investors fear a potential wider regional conflict.

Israeli strikes on Iran have jolted global markets on fears of a wider regional war disrupting trade and raising oil prices.Arash Khamooshi for The New York Times

With Israel having launched major strikes against Iran’s nuclear program overnight, we’re examining the fallout so far and what may come next. We explore both the geopolitical issues and the potential economic impact, from the price of oil to the commerce that depends on it.

We’re also looking at Meta’s latest multibillion-dollar deal, which may be the largest acqui-hire in history. (In case you were wondering, “acqui-hire” is Silicon Valley shorthand for buying a company to hire a person.) And make sure to keep reading, because there’s a ton of other news below.

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