Iran's oil ministry said late Saturday that Israel has struck the Shahran oil depot in western Tehran—one of the capital’s key fuel sites. A second depot in southern Tehran was also hit, it said in a statement.

Iran said the Shahran oil depot in Tehran was targeted in an Israeli attack on Saturday but that the "situation was under control".

Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.