When Israel launched Operation Rising Lion, officials in Russia described the current escalation in the Middle East as "alarming" and "dangerous." Still, Russian media were quick to stress the potential positives for Moscow.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.