Iran war live updates: U.S. embassy in Riyadh hit by drones, Trump promises response 'soon'

The U.S.–Iran war is escalating rapidly, entering its fourth day, with the American Embassy in Riyadh coming under attack Tuesday and President Donald Trump warning that the conflict could stretch well beyond the four weeks he had estimated earlier. Risk-off mood has taken hold of markets with gold, considered a safe-haven during times of uncertainty, surging while global equities continue to remain under pressure — U.S. futures and Asian markets fell on Tuesday. Prospects of an energy supply shock have risen, with Iran reportedly closing the Strait of Hormuz, and warning that it will target vessels that attempt to transit via the critical waterway, sending oil prices higher. The conflict has also compromised tech infrastructure based in the Middle East, with Amazon Web Services reporting multiple data centers were knocked offline by drone attacks. Read more U.S.-Iran news Follow CNBC's live coverage of the U.S. strikes in Iran Next phase of Iran war 'will be even more punishing,' Sec. Rubio says Amazon says drone strikes damaged 3 facilities in UAE and Bahrain Iran war prediction bets draw heat: ‘Insane this is legal’ How high can oil and gas prices go due to Iran war? Here are scenarios First flights take off from Dubai after Iran strikes, but service is 'limited' Khamenei's death raises questions about Trump's China trip Defense stocks jump as U.S., Iran exchange attacks How Iran chooses its supreme leader, and who could be next? 15 Min Ago Trump touts ‘virtually unlimited’ U.S. munitions; UAE, Qatar deny weapons' shortage President Donald Trump said Tuesday that the U.S. has a " virtually unlimited supply " of munitions as the war with Iran escalates. He added that the stockpiles "at the medium and upper medium grade" have never been higher or better. It was not immediately clear what weapon grades Trump was referring to. 'Wars can be fought "forever," and very successfully, using just these supplies (which are better than other countries finest arms!)," Trump s...