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 two sides were scheduled to meet for a sixth round of negotiations on Sunday. Oman, which was set to host the talks, said on Saturday that this round had been canceled.

The sixth round of U.S.-Iran nuclear talks will be held on Sunday in Muscat, the Omani foreign minister said on Thursday, after U.S. President Donald Trump reiterated that Tehran would not be allowed to have a nuclear weapon.

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again.

"We wouldn't like to see some kind of nuclear race in the Middle East," Israeli diplomat Tsach Saar told Newsweek.

Seyed Ali Alavi, a lecturer in Middle Eastern studies at SOAS University of London, said that the strikes would doubtless cast a shadow over Sunday's talks ... East to possess nuclear weapons ...

The move to reduce staff at some U.S. installations in the Middle East comes ... can't have a nuclear weapon." Trump has repeatedly threatened to strike Iran if stuttering talks over its nuclear ...

The fear is that this war between Israel and Iran will play out on the ground of all the countries in between, writes chief international correspondent Bel Trew from Damascus

Trump said on Tuesday that Iran has become “much more aggressive” in nuclear talks and said on Wednesday that he’s growing “less confident.” The top U.S. commander in the Middle East ...