The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.

“We would like to particularly warn Washington against military intervention in the situation, which would be an extremely dangerous step with truly unpredictable negative consequences,” Russia’s foreign ministry’s spokeswoman said.

The conflict between Israel and Iran has reached an unprecedented level, with verbal threats and aerial engagement with ballistic, cruise missiles, and drones.