Most stocks held firm on Wednesday, while oil prices and some safe haven assets rose, suggesting that the market impact of escalating Middle East tensions has been contained for now.
Iran's paramilitary Revolutionary Guard claimed that 90 per cent of missiles it launched against Israel hit their targets successfully. However, Israel said the majority of the incoming missiles were intercepted by Israel and a defensive coalition led by the United States.
Iran fired a salvo of ballistic missiles at Israel on Tuesday in retaliation for Israel's campaign against Tehran's Hezbollah allies in Lebanon.
Iran fired close to 200 missiles on Israel, hours after the US warned of an 'imminent attack' in another escalation of the regional conflict with Hezbollah and Hamas. Most of the missiles were shot down and Israeli military reported very few injuries after the attack.
The Israeli Army said Iran had launched over 200 missiles targeting approximately 10 million civilians.
Iran fired close to 200 missiles on Israel, hours after the US warned of an 'imminent attack' days after a series of attacks by Israel that killed Hezbollah leader Hassan Nasrallah. Iran's Revolutionary Guards warned of a harsher response if Israel retaliates.
The US had warned of an 'imminent attack' by Iran days after a series of attacks by Israel that killed more than 1,000 people in Lebanon and senior Hezbollah leadership. Biden said the US is prepared to help Israel defend against these attacks, and protect American personnel in the region.
The incident reportedly took place on Jerusalem Street in the city next to a light rail train station and police have suspected a terror attack. This came as Israel is locked in a conflict with the Hezbollah militant group in neighbouring Lebanon that has raised worries over an all-out war.
The Israeli military on Tuesday said it had begun a "limited, localised" operation against Hezbollah targets in southern Lebanon, opening a new front in its war against the Lebanese militant group.
Israel said it bombed Houthi targets in Yemen on Sunday in response to missile fire by the Iran-aligned militants at Israel over the past two days, marking another front in fighting in the Middle East.
UNSC 1701 ended the month-long 2006 war between Hezbollah and Israel and called for a full Israeli withdrawal from southern Lebanon and that the Lebanese army and UN peacekeepers be the only armed force south of the Litani River.
The Israeli Defence Forces (IDF) has also issued a statement, confirming the death of the senior Hamas leader.
Middle-East Conflict: As the one-year anniversary of the Israel-Hamas war approaches, Israel has acted decisively against two of its main adversaries. The first major blow came in July when Israel eliminated Hamas leader Ismail Haniyeh in Tehran. What's next for Iran?
Israel has taken down several Hizbollah targets over the past week in its precise airstrikes in Beirut. It had major success after the elimination of Hassan Nasrallah, chief of the militant group. Who are other militants who could possibly be on Israel's hit list? Know here.
Hezbollah's deputy leader vowed to continue fighting Israel and said the militant group was prepared for a long war after much of its top command was wiped out, including its leader, Hassan Nasrallah.
Israel-Hezbollah Conflict: US President Joe Biden said that he believes an all-out war in the Middle East must be avoided and stressed that he would speak with Israeli Prime Minister Benjamin Netanyahu on the subject. “It has to be”, Biden told reporters as he boarded Air Force One for Washington."
Hassan Nasrallah, Hezbollah chief, was killed in an Israeli airstrike in the Lebanese capital Beirut on September 27. Reports claimed that his body has been recovered from the site where the military conducted the precise attacks.
Israel continued its air raids in Lebanon on Sunday in which several people were killed while hundreds of others were injured.
Joe Biden had recently backed the killing of Hezbollah chief Hassan Nasrallah by Israel in an airstrike and said that his killing "is a measure of justice for his many victims".
What will be Israel's next target after killing Hezbollah chief Hassan Nasrallah? Just thinking about this has made Israel's opponents anxious and nervous. Israel has made it clear that the enemy, wherever they may be, in whichever country, cannot escape Israel's claws.
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