A refinery from the north of the Persian Gulf in Iran. Saeid Arabzadeh | Afp | Getty Images Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war. Iran is home to vast oil resources and is the … Read more
TEL AVIV, Israel — Iran’s dramatic aerial attack on Israel follows years of enmity between the countries and marks the first time Iran has launched a direct military assault on Israel. The hostility between the countries has only worsened in the six months since Hamas launched its attack on Israel, which set off a war … Read more
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Amir Cohen | Reuters (View a special livestream of CNBC’s coverage of the conflict and market impact at 6 p.m. ET Sunday here.) Crude oil futures were set to open higher Sunday after Iran launched … Read more
Having threatened to exact a terrible vengeance on Israel, all that Iran appears to have achieved by launching its drone and missile attack is to reveal the true extent of the Islamic Republic’s military impotence. Only one of the estimated three hundred drones and missiles the Iranians fired at Israel succeeded in reaching their targets, … Read more
JERUSALEM — For some Israelis, it was a sleepless night, waiting for an attack by Iran and then fretting about what might follow. For others, the drones and missiles slipped past without notice — the interceptions by Israel and allied militaries giving families a protective shield as they slept. “Dramatic Night,” read the headline of … Read more
With its first-ever direct military attack on Israel, Iran crossed old red lines and created a new precedent in its decades-long shadow war with the Jewish state. Iran “decided to create a new equation,” said the head of Iran’s Revolutionary Guard, Maj. Gen. Hossein Salami, in an interview with state-run television Sunday. “From now on, … Read more
BEIRUT — Iran’s unprecedented attack on Israel early Sunday marked a change in approach for Tehran, which had relied on proxies across the Middle East since the start of the Israel-Hamas war in October. All eyes are now on whether Israel chooses to take further military action, while Washington seeks diplomatic measures instead to ease … Read more
TEL AVIV — For several hours on Saturday night, as Iranian missiles streaked through the skies, millions of people in Israel and across a restless region held their breath. On Sunday morning, Israelis awoke to find their country relatively unscathed, fortified by widespread global support after months of international isolation. The nightmare scenario leaders here … Read more
Two men are holding Iranian banknotes on a sidewalk in Tehran’s business district, in Tehran, Iran, on April 13, 2024. Nurphoto | Nurphoto | Getty Images Iran’s currency, the rial, briefly plunged to a record low against the dollar on the unofficial market, after Tehran launched an expansive missile and drone attack on Israel on … Read more
Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran’s IRGC UAV and missile attack against Israel on April 14, 2024. Nurphoto | Nurphoto | Getty Images Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli strike that killed top Iranian officials … Read more