An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Amir Cohen | Reuters (View a special livestream of CNBC’s coverage of the conflict and market impact at 6 p.m. ET Sunday here.) Crude oil futures were set to open higher Sunday after Iran launched … Read more
President Joe Biden warned Prime Minister Benjamin Netanyahu the U.S. will not take part in a counter-offensive against Iran, an option that Netanyahu’s war cabinet favors after a mass drone and missile attack on Israeli territory, according to officials. The threat of open warfare erupting between the arch Middle East foes and dragging in the United … Read more
Israel praised the success of its defenses in the face of an unprecedented attack by Iran involving hundreds of drones, ballistic missiles and cruise missiles while tensions ran high over a possible Israeli counter-strike. An Israeli military spokesman said Sunday the launches numbered more than 300, but 99 per cent of them were intercepted. Rear … Read more
U.S. President Joe Biden convened the Group of Seven advanced democracies on Sunday to coordinate a rebuke to Iran for its unprecedented and largely unsuccessful aerial attack on Israel and to prevent a wider regional escalation. After their videoconference, the leaders issued a joint statement “unequivocally condemning in the strongest terms” the direct attack by … Read more
Israel has been honing its air defences since coming under Iraqi Scud salvoes in the 1991 Gulf war Israel used a multi-layered defence shield to block Iran’s mass drone and missile attack on Israeli territory overnight. Its defensive array includes short-range Iron Dome and long-range Arrow-2 and Arrow-3 missiles. Israel has been honing its air … Read more
U.S. President Joe Biden holds a press conference at the conclusion of the G7 Summit, in Hiroshima, Japan, May 21, 2023. Jonathan Ernst | Reuters The White House is taking a “wait and see” approach in response to Iran’s attempted strike on Israel, National Security spokesperson John Kirby said Sunday, as President Joe Biden aims … Read more
Two men are holding Iranian banknotes on a sidewalk in Tehran’s business district, in Tehran, Iran, on April 13, 2024. Nurphoto | Nurphoto | Getty Images Iran’s currency, the rial, briefly plunged to a record low against the dollar on the unofficial market, after Tehran launched an expansive missile and drone attack on Israel on … Read more
Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran’s IRGC UAV and missile attack against Israel on April 14, 2024. Nurphoto | Nurphoto | Getty Images Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli strike that killed top Iranian officials … Read more
Israel, in a significant development, has demanded ‘terrorist’ tag for Iran’s revolutionary guards corps after drone strikes by the latter on its territory, reports said on April 14. According to the reports, Israel placed a request with the United Nations Security Council to hold a meeting to unequivocally condemn Iran. Designate its Islamic Revolutionary Guard … Read more
Iran said it launched dozens of attack drones at Israel on Saturday, in an assault that could trigger a major escalation between the regional archenemies. Iran had vowed to retaliate against Israel for an airstrike on its embassy compound in Damascus, adding to concerns about the potential for further escalation of conflict in the Middle … Read more
