The U.S. plans to partially evacuate its embassy in Iraq amid rising tensions between the U.S. and Iran, officials told multiple media outlets on Wednesday. U.S. staffers who are deemed nonessential will be removed from the embassy in Baghdad, the State Department told The Associated Press.

U.S. officials have been told Israel is fully ready to launch an operation into Iran, multiple sources told CBS News.

President Donald Trump on Thursday said the United States remains committed to resolving the Iran nuclear issue through diplomacy, but added that the Islamic Republic must first give up hopes of building a nuclear weapon.

Tensions between the U.S. and Iran have been rising, but the big moves in gold and oil prices can help gauge just how serious the situation has become — and hint at what’s next for global financial markets.

The International Atomic Energy Agency declared Iran was in breach of its Nuclear Non-Proliferation Treaty obligations by failing cooperate with an probe into undeclared nuclear material and activities at multiple sites.

The United States is the main international backer of Israel, Iran's biggest regional foe. It is also a close ally of Sunni Gulf monarchies which for years pursued their own rivalry with the Islamic Republic, seeing it as their main regional threat.