Risk-aversion is in full swing across the financial markets after ABC News confirmed reports that Israeli missiles struck a site in Iran, leading to further escalation in the Middle East geopolitical tensions.

Reuters reported, citing Iran’s Fars News Agency, that locals heard explosions in central Isfahan airport; although the reason for the explosions is unknown.

"The cause of these sounds is still unknown, and investigations continue until the exact details of the incident are determined," the semi-official Fars news agency said.

Earlier, reports came in, citing that a radar battalion hit in Syria near the city of Izraa. Another chatter was that there are 'explosions' near the city of Isfahan in central Iran. Finally, speculations over warplane activity across parts of Iraq hit wires.