Global markets and airlines face challenges amid Israel-Iran crisis: Live updates

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Iran launched a massive attack against Israel on April 14 in retaliation for an attack carried out by the Israeli military against Iran’s embassy, killing a senior official. The attack involved launching hundreds of drones and ballistic missiles into Israel, marking the biggest drone attack by any country. This direct attack by Iran on Israel is a significant escalation in their strained bilateral ties.

The Israeli military successfully intercepted around 300 drones and missiles, minimizing the damage caused by the attack. Israeli citizens were urged to remain vigilant as the military continued to secure the airspace. US President Joe Biden condemned the attack, stating that the United States assisted Israel in intercepting most of the missiles.

Iran’s Islamic Revolution Guard Corps (IRGC) stated that the drone strike aimed to destroy specific targets in Israel. This attack was in response to the strike on Iran’s consulate in Syria on April 1, which resulted in the death of seven officials, including a high-ranking officer. Israel neither confirmed nor denied its involvement in the attack.

The ongoing crisis between Israel and Iran has led to global repercussions, with Indian shares falling, Middle Eastern airlines facing disruptions, and oil prices fluctuating. PM Narendra Modi emphasized the importance of ensuring the safety and security of citizens amidst the escalating tensions. As the world watches the situation unfold, efforts are being made to contain the crisis and prevent further escalation in the Middle East.

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