Sat. May 25th, 2024

Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent

Samantha Parker By Samantha Parker May24,2024 #finance

In a game of tit for tat, Israel strikes back at Iran for Iran’s missile launch against Israel. Iran’s attack on Israel was in response for Israel illegally striking an Iranian embassy in Syria.

Israeli Missiles Hit Site in Iran

The NPR reports Israel launches missile strikes into Iran in response to Tehran’s attack Sunday

Reuters reports Israeli Missiles Hit Site in Iran.

Israeli missiles have hit a site in Iran, ABC News reported late on Thursday, citing a U.S. official, while Iranian state media reported an explosion in the center of the country, days after Iran launched a retaliatory drone strike on Israel.

Iran’s Fars news agency said an explosion was heard at an airport in the central city of Isfahan but the cause was not immediately known. Iran suspended flights over the cities of Isfahan, Shiraz and Tehran, state media reported.

Several Iranian nuclear sites are located in Isfahan province, including Natanz, centerpiece of Iran’s uranium enrichment program.

Some Emirates and Flydubai flights that were flying over Iran early on Friday made sudden sharp turns away from the airspace, according to flight paths shown on tracking website Flightradar24.

Israeli Missile Hits Iran, U.S. Officials Confirm

CBS reports Israeli Missile Hits Iran, U.S. Officials Confirm

Two U.S. officials confirm to CBS News that an Israeli missile has hit Iran. The strike follows last weekend’s retaliatory drone and missile attack against Israel, which Prime Minister Benjamin Netanyahu had vowed to respond to.

Officials were tightlipped about the location or extent of the Israeli strike. When reached by CBS News, the Israeli Defense Forces had no comment on the attack.

Iran last weekend launched an unprecedented retaliatory strike against Israel in response to a deadly attack on an Iranian consulate in Syria, which killed seven officers, including two generals, from Iran’s Islamic Revolutionary Guard Corps.

Iran’s attack on Israel included 170 drones, over 30 cruise missiles and 120 ballistic missiles, according to the IDF and U.S. officials. None of the drones crossed into Israeli territory before they were shot down by Israel and its allies, including the U.S., the IDF said.

Five of the ballistic missiles struck Israel, with four of them hitting Israel’s Nevatim Air Base, where Israeli F-35s are based, U.S. officials told CBS News. The officials believe the base was likely Iran’s primary target, as the strike against the consulate in Syria is believed to have been carried out by an F-35.

The U.S. and other allies of Israel have urged Netanyahu to exercise restraint in any possible response to Iran. U.S. officials have said the country would not participate in any Israeli retaliatory strike.

In the aftermath of Iran’s attack, which the IDF said caused “very little damage,” President Biden pressed the Israeli prime minister, “to think about what that success says all by itself to the rest of the region,” according to National Security Council spokesperson John Kirby.

Israel does not give a damn about Biden’s red lines because history shows Biden does not really have any.

Iran Warns of Immediate Retaliation

CNN reports Iran’s military response will be ‘immediate and at a maximum level’ if Israel attacks

Iran’s response if Israel takes any further military action against it would be “immediate and at a maximum level,” Foreign Minister Hossein Amir-Abdollahian told CNN Thursday, as fears rise of an escalation of the conflict in the Middle East.

“In case the Israeli regime embarks on adventurism again and takes action against the interests of Iran, the next response from us will be immediate and at a maximum level,” Amir-Abdollahian told CNN’s Erin Burnett in an exclusive interview in New York.

Are Biden’s Red Lines to Netanyahu Really Yellow or Green?

On March 10, I asked Are Biden’s Red Lines to Netanyahu Really Yellow or Green?

The answer, in case you have not been following the recent news, is green.

Iran Attacks Israel with Drones. What Happened?

Also see Iran Attacks Israel with Drones. Supposedly It’s Over Already. What Happened?

What happened is Netanyahu has repeatedly crossed Biden’s red lines.

That turned the screws enough to push more money for everyone through Congress, just what Netanyahu wanted.

Mission accomplished.

Crossing Red Lines

Biden told Israel to not retaliate, Israel did anyway.

Biden drew a red line on Israel entering Gaza to attack Rafah where more than a million Palestinians are sheltering. Israeli Prime Minister Benjamin Netanyahu said he would do so anyway.

A few hours ago the BBC reported US again warns against Rafah offensive

Biden may as well be barking at the moon because it isn’t purple.

Does it even matter anymore who did what first?

As of 10:00 PM Mountain Time, WTIC oil is $84.85 up about 2,5 percent.

Brent crude is also up about 2.5 percent to $89.28.Both were up over 3.5 percent when the strike first happened.

The major stick market indexes are down less than a percent, I don’t pretend to know what tomorrow will bring.

Samantha Parker

By Samantha Parker

Samantha is a seasoned journalist with a passion for uncovering the truth behind the headlines. With years of experience in investigative reporting, she has covered a wide range of topics including politics, crime, and entertainment. Her in-depth analysis and commitment to factual accuracy make her a respected voice in the field of journalism.

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2 thoughts on “Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent”
  1. It’s distressing to see these escalations in violence between Israel and Iran. The repercussions are far-reaching, with the price of oil already jumping 3 percent. Hopefully, diplomatic solutions can prevail over military actions.

  2. Could you clarify the potential impact of these escalating tensions between Israel and Iran on the global oil market?

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