These are the three things that you need to know today. First up, geopolitical risk front and center for investors this morning after Israel launched waves of air strikes against Iran's nuclear program and ballistic missile sites overnight, in what is a major escalation that risks sparking a wider war in the Middle East. Stocks dropping and safe havens rising as investors shun risk assets as Israel's prime minister, Benjamin Netanyahu, says attacks will continue for as long as needed with Iran vowing more in retaliation. And President Trump speaking out on the attacks urging Iran to accept a nuclear deal to avoid further attacks. In other assets on the move, oil surging by the most in three years today amid fears of a wider war in the region, that accounts for a third of global crude oil production. Market watchers predicted potential price spikes to $80, or even $120 per barrel. Energy stocks all trading higher with oil as Iran declares Israel's attacks a quote "declaration of war". And an update in the Boeing Air India crash that killed more than 240 people. Air India plane crash investigators reportedly located the first black box from the Boeing Dreamliner wreckage on Friday. The data will be vital in determining what caused the passenger jet to crash minutes after takeoff killing all but one of the 242 people on board. Boeing executives, including CEO Kelly Ortberg, also scrapped plans to travel to the Paris air show next week, where they'd been expected to showcase Boeing's progress and unveil orders. GE Aerospace, which made the engines on the Dreamliner, canceled a June 17th investor day in Paris.