Iran Unleashes 100 Drones on Israel After Missile Assault: Impact on Global Markets

Iran recently responded with a significant drone strike after Israeli attacks killed top military leaders within its borders. This conflict marks an escalation not seen since the Iran-Iraq War in the 1980s.

Reports indicate that Iran launched over 100 drones towards Israel following the Israeli strikes. Israeli military spokesperson Effie Defrin confirmed that key figures in Iran’s armed forces were casualties of the attack. The chief of staff of the Iranian Armed Forces and two other senior commanders were reportedly killed.

The repercussions of these strikes are already being felt in global markets. Oil prices surged by around 13% at one point, highlighting the volatility in a region that supplies one-third of the world’s oil. As of now, Brent crude has slightly settled at $72.76 per barrel, while U.S. WTI is at $71.27.

Recent statistics show that tensions between Israel and Iran have risen steadily since the beginning of 2023, with countless drone and missile attacks reported. A survey from the Pew Research Center points out that 60% of Americans support active U.S. involvement to prevent further escalation in the Middle East.

Interestingly, the U.S. has distanced itself from the recent Israeli actions. Secretary of State Marco Rubio labeled them as unilateral and cautioned Iran against retaliating against American interests in the region. However, Tehran has indicated it will hold the U.S. accountable for the consequences of Israel’s strikes.

As the situation unfolds, many are watching for potential U.S. involvement. President Donald Trump is set to convene the National Security Council to address these developments.

In summary, this crisis is part of a larger trend of increasing military tensions in the Middle East. The world is keenly observing how Iran and the U.S. will navigate this complex situation.

For more updates, you can follow trusted news sources like the BBC or Reuters.

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