In a dramatic escalation of tensions in the Middle East, Iran launched over 180 missiles at Israel on Tuesday. While no injuries were reported in Israel, a casualty was reported in the occupied West Bank. The attack prompted a strong response from Israeli Prime Minister Benjamin Netanyahu, who promised retaliation against Iran.
Iran, however, has warned of “vast destruction” if Israel retaliates, raising fears of a broader conflict. Iran’s foreign ministry claims the operation was defensive, targeting only Israeli military and security facilities.
Despite the barrage of missiles, Israel’s U.N. ambassador stated that the country will decide when and how to respond to Iran’s attack, emphasizing that the retaliation “will be noticed” and “painful.” He warned Iran against testing Israel’s capabilities, while stressing that Israel does not seek war but cannot ignore attacks on its civilians.
Adding to the heightened tension, Iran’s armed forces have threatened to strike all of Israel’s infrastructure if Israel takes action against Iran. Iran’s military chief, Gen. Mohammad Bagheri, warned that Iran would repeat missile attacks with “multiplied intensity.”
The U.S. has increased its military presence in the region in response to the rising tensions. The attack has also sent shockwaves through global markets, with investors reacting to the potential implications of the escalating conflict. Gold and oil prices surged, while major market indexes, including the SPDR S&P 500 ETF and the Invesco QQQ Trust, fell. Technology stocks were hit hardest, while defense and oil stocks saw gains.
The missile attack from Iran is a significant development in the ongoing conflict between Israel and Iran. It highlights the fragile peace in the region and raises serious concerns about the potential for a wider conflict.
