The US has obtained new intelligence suggesting that Israel is making preparations to strike Iranian nuclear facilities, even as the Trump administration has been pursuing a diplomatic deal with Tehran,

Shares rose in Asia on Wednesday while oil prices jumped more than 1% following a report that Israel may be planning an attack on Iranian nuclear facilities. U.S. futures were lower. A CNN report cited unnamed intelligence officials saying Israel may be preparing for an attack on Iranian nuclear facilities.

Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the key Middle East producing region.