Israeli Prime Minister Benjamin Netanyahu vowed Tuesday that Iran would face consequences for what Israel described as a missile attack, while Tehran warned any retaliation would lead to "vast destruction," escalating fears of a broader regional conflict.
The U.S. voiced full support for Israel, its key ally in the Middle East. Iran's armed forces cautioned that if Israel’s allies intervened directly against Tehran, they would face a "strong attack" on their bases and interests in the region.
Oil prices surged by 5% amid concerns of an expanding conflict, and the U.N. Security Council scheduled a meeting for Wednesday to address the situation.
“Iran made a big mistake tonight – and it will pay for it,” Netanyahu said at the start of a security meeting, according to a statement from his office.
Iran Claims Retaliation, Israel Activates Defenses
Iran’s Revolutionary Guard Corps claimed the missile barrage was in response to Israel's recent strikes in Lebanon against the Iran-backed Hezbollah and actions in Gaza.
On Tuesday, Israel reported that over 180 ballistic missiles were fired from Iran, with alarms sounding across the country and explosions heard in Jerusalem and the Jordan River valley. Israel stated that its air defenses were activated, intercepting many of the missiles. Iran claimed it used hypersonic Fattah missiles, asserting that 90% hit their intended targets.
U.S. and International Responses
The Pentagon confirmed that U.S. Navy warships fired interceptors in response to missiles headed toward Israel. President Joe Biden condemned Iran's actions as "ineffective" and assured U.S. support for Israel, with Vice President Kamala Harris reiterating U.S. backing.
Tehran’s Warning and Calls for Ceasefire
Iran’s armed forces warned that any Israeli retaliation would lead to significant destruction of Israeli infrastructure and pledged to target regional allies that support Israel. U.N. Secretary-General Antonio Guterres condemned the escalation and called for a ceasefire, while EU foreign policy chief Josep Borrell urged for an immediate halt to hostilities.


Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks
Oil Prices Climb as Middle East Conflict Keeps Supply Risks Elevated
Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears
Australia Bans Card Payment Surcharges Starting October 2025
Canada's Economy Grows Modestly in January 2025, Driven by Energy and Construction
Oil Prices Dip as Trump Eyes Iran De-escalation, Hormuz Closure Persists
South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand
South Korea's Exports Hit Record High in March on AI-Driven Chip Demand
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure
Dollar Surges to Monthly High as Middle East Conflict Rattles Global Markets
Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected
Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control
Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms
Asian Stocks Mixed in March 2026 Amid Iran War Fears and Tech Selloff
Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes
WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo
Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict 



