In response to Iran's recent air attack, Israel has carried out a retaliatory military operation, causing stock futures to edge lower ahead of Friday's market opening. The tension in the Middle East has further impacted crude oil futures, causing prices to retreat.

Reports indicate that Israel launched a series of airstrikes, resulting in three explosions near a military base in Central Iran. This came as a response to Iran's unprecedented air attack against Israel last week. The situation in the Middle East is now reaching a critical point, with growing tensions threatening to escalate into a wider conflict.

The impact of these developments can already be seen in the stock market, with stock futures experiencing a decline. The Dow Jones Industrial Average (^DJI), the Nasdaq Composite (^IXIC), and the S&P 500 (^GSPC) are all showing red numbers, signaling a bearish sentiment among investors.

Furthermore, the increasing Middle East tensions have also affected commodities, particularly oil prices. Initially, oil prices were trading higher, with Brent Crude futures surpassing $90 a barrel. However, as investors had more time to process Israel's retaliatory attack on Iran, prices began to retreat. This retreat indicates the market's cautious approach amidst the heightened geopolitical risks in the region.

Another commodity affected by the escalating tensions is spot gold, with prices surging to fresh all-time highs. Investors continue to seek refuge in the precious metal due to the ongoing uncertainty in the Middle East.

The developments in the Middle East are not only significant for the stock market and commodities but also pose a threat to regional stability. With tensions continuing to rise, the international community will closely monitor the situation and its potential impact on global markets.

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As the situation unfolds, investors and analysts alike will be closely examining how the escalated tensions in the Middle East will affect various global markets and what further actions may be taken by the involved nations.