President Donald Trump's eventful week included securing a preliminary trade deal with China, deploying National Guard troops to Los Angeles, and responding to Israel's strikes on Iran.

The Middle East stands at a critical juncture following Israel's unprecedented strikes on Iran beginning Friday, which have ignited a perilous cycle of retaliation and heightened fears of a regional conflagration.

As a result of the massive escalation, the world has divided into two factions- one that is supporting Israel and the other supporting Iran.

Bitcoin's decline today is influenced by US-China trade deal outcomes and geopolitical tensions involving Israel and Iran. The potential for future Federal Reserve rate cuts is increasing despite a slight decline in May's headline inflation figures.

Follow live updates as Iran retaliates after Israel strikes nuclear facilities. Stay informed with real-time news and developments.

DUBAI, United Arab Emirates (AP) — Israel’s defense minister warned Saturday that “Tehran will burn” if Iran continues firing missiles, as the two countries traded blows a day after Israel launched a blistering surprise attack on Iranian nuclear and military sites, killing several top generals.

Israel’s leader and President Trump appeared to bet they can persevere, but other world leaders warned of unintended outcomes in a volatile region.