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
TEL AVIV, Israel — The unprecedented attack by Iran on Israel early Sunday ratcheted up regional tensions, confirming long-held fears about the Israel-Hamas war spiraling into a broader conflagration. But Iran, Israel, the United States and Hamas also walked away with some gains. Here’s a look at the fallout. As the more than 300 drones … 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
TEL AVIV, Israel — Israel on Sunday hailed its successful air defenses in the face of an unprecedented attack by Iran, saying it and its allies thwarted 99% of the more than 300 drones and missiles launched toward its territory. But regional tensions remain high, amid fears of further escalation in the event of a … Read more
On Saturday, Iran launched more than 200 drones and cruise missiles at Israel. As the drones made their way across the Middle East en route to their target, Israel has invoked a number of defense systems to impede their progress. None will be more important than the Iron Dome. The Iron Dome, operational for well … Read more
DUBAI, United Arab Emirates — Commandos from Iran’s paramilitary Revolutionary Guard rappelled from a helicopter onto an Israeli-affiliated container ship near the Strait of Hormuz and seized the vessel Saturday in the latest attack between the two countries. The seizure followed a suspected Israeli strike this month on an Iranian consular building in Syria that … Read more
(DUBAI, United Arab Emirates) — Commandos from Iran’s paramilitary Revolutionary Guard rappelled down from a helicopter onto an Israeli-affiliated container ship near the Strait of Hormuz and seized the vessel Saturday, the latest in a series of attacks between the two countries. The Middle East had braced for potential Iranian retaliation over a suspected Israeli … Read more
DAMASCUS, Syria — Iran’s foreign minister Monday accused the United States of giving Israel the “green light” for a strike on its consulate building in Syria that killed seven Iranian military officials including two generals. Hossein Amirabdollahian reiterated Tehran’s vows that it will respond to the attack, widely blamed on Israel, that appeared to signify … Read more