News Summary

• All the major markets in Asia and Europe cratered this morning.
• The best performing was China's CSI 300, down 1.61%.
• The worst was Japan's Nikkei 225, down 3.38%.
• European traders watched their screens through the cracks between their fingers as most indexes approached losses of 2% before lunch.
• Oil hit $115, and gas on the European markets rose by 30%.
• Among the strikes: Trump appears to be trying to dial down the intensity of the attacks.
• Iran denied it had opened backchannel talks with the White House, claiming it was designed to lower the price of oil.