Israel-Iran war, June 23 -- Israeli stocks surged to record highs on Sunday following U.S. strikes on Iran's nuclear facilities, which investors believe will delay Tehran's ability to develop nuclear weapons.

The broad Tel Aviv 125 index closed up 1.8%, bringing its gains for the week to nearly 8%, while the blue-chip TA-35 (.TA35) rose by 1.5 per cent.

Following Israeli strikes on Iran, the stock market posted gains throughout all five sessions last week, rising around 6 per cent, as Israel targeted Iranian nuclear and military sites ahead of the unexpected U.S. attacks on Saturday.

Meanwhile, other Middle East countries stock market also witnessed strong rally amid ongoing tensions. Kuwait stock market indices Boursa Kuwait Premier M...