The Iran-Israel conflict took a dangerous turn over the weekend as Iran launched a massive assault on Israel, involving over 300 missiles and drones. The attack was in retaliation for a suspected Israeli strike on its consulate in Syria, which resulted in the deaths of senior Revolutionary Guards commanders. However, the majority of the Iranian missiles and drones were intercepted by Israel’s Iron Dome defense system, with support from the United States, Britain, France, and Jordan.
In response to the attack, a coordinated effort by an international military coalition, including US forces supported by US European Command destroyers, successfully neutralized over 80 one-way attack drones and at least six ballistic missiles targeting Israel from Iran and Yemen. This intervention was crucial in preventing a large-scale assault on Israel.
Despite the successful interception of the majority of the Iranian assets, the conflict remains tense, with Israel’s War Cabinet convening without reaching a verdict on future actions. The world is anxiously awaiting any indications of potential escalation from what was once a clandestine conflict.
The situation has prompted global concern, with US President Joe Biden warning against a full-scale conflict in the Middle East and calling for de-escalation. The Indian rupee is expected to dip on worries over rising oil prices due to the Iran-Israel tensions, while Asian markets witnessed a dip in oil prices as traders reduced risk premiums following the attack. The conflict continues to unfold, with diplomatic efforts underway to ease tensions and prevent further escalation.