Israel said on Friday it targeted nuclear facilities, ballistic missile factories and military commanders in a "preemptive strike" to prevent Tehran from building an atomic weapon. Several brokerages had initially expected a cut but revised their forecasts after the Israeli strikes sparked fears of a broader conflict.

The Israeli air force struck storage and missile-launch infrastructure in western Iran on Sunday, Israel’s military said, as attacks in Iran entered a third day.

By Sunday, three days into its campaign, Israel had knocked out centrifuges at Iran’s biggest enrichment facility at Natanz, killed up to 10 of the country’s top nuclear scientists and destroyed key ...