Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

The S&P 500 and Nasdaq composite index lost more than 1 percent. The Dow Jones Industrial Average decreased 1.8 percent, dragged down by three of its 30 stocks.

Stocks fell sharply and oil prices soared Friday as Israel launched strikes against Iran's nuclear program and key personnel, heightening concerns about the possibility of a broader conflict in the region.

U.S. stocks were sharply down Friday, after Israel launched strikes on Iran's nuclear sites. But major benchmarks were off their morning lows.

The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 600 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum.