New report reveals Israel may be preparing a strike on Iran's nuclear facilities following U.S. intelligence showing increased military activity.

New intelligence obtained by the United States suggests that Israel is making preparations to strike Iranian nuclear facilities, CNN reported on Tuesday, citing multiple U.S. officials familiar with the intelligence.

Oil prices rose over 1% on Wednesday following a report that Israel is preparing for a potential strike on Iranian nuclear facilities, while gold prices rose, buoyed by geopolitical risks and a weaker dollar.