A major U.S. aircraft carrier is currently en route to the Middle East, amid fears that violence is set to escalate between Israel and Iran

As Israel and Iran exchange attacks, the United States is moving military assets into the Middle East in case it should take an active role in the combat. On Monday, the aircraft carrier USS Nimitz left the South China Sea,

A resolution by Senator Tim Kaine of Virginia would require congressional approval before U.S. troops could engage in hostilities against Iran. He said Americans don’t want another “forever war.”

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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. News reports that Tehran wants to restart talks over nuclear programs also fueled risk-on sentiment.

The USS Nimitz carrier strike group expedites Middle East deployment as the United States shifts military resources in response to the Israel-Iran conflict.

The dollar strengthened against the safe-haven yen and Swiss franc on Monday, but weakened against most major currencies, as investors monitored the fighting between Israel and Iran for signs it could escalate into a broader regional conflict and braced for a week packed with central bank meetings.

Israeli forces stepped up bombing of Iranian cities, while Iran pierced Israeli air defences with a successful volleys of retaliatory missile strikes.