Middle East tensions escalate after Iran attacks Israel

Mitrade
Trending Articles
coverImg
Source: DepositPhotos

The geopolitical tensions between Israel and Iran intensified over the weekend, as Iran launched drones toward Israel late Saturday, the Israeli military announced.


Citing the Islamic Revolutionary Guard Corps, Iran’s state-run media reported that dozens of drones had been fired in retaliation to the suspected Israeli attack on Iran’s consulate in Damascus on 1 April.


Iran successfully targeted Israel's most important military base in Negev using Kheibar missile, Iranian government’s newspaper reported.


Iranian Foreign Ministry, said in a statement, “Iran, if necessary, will not hesitate to take further defensive measures to safeguard its legitimate interests against any military aggressions and unlawful use of force.” 


Israel’s military spokesman said the launches numbered more than 300 but 99% of them were intercepted.


“Iran fired 170 drones, more than 30 cruise missiles and more than 120 ballistic missiles. Of those, several ballistic missiles reached Israeli territory, causing minor damage to an air base,” he added.


Iran backed Yemen's Huthi rebels and Lebanon's Hezbollah joined the attack. Meanwhile, the UK Ministry of Defence confirmed late Saturday that British Royal Air Force jets in the Middle East “will intercept any airborne attacks within range of our existing missions, as required.”


In a nationwide address, Israeli Prime Minister Benjamin Netanyahu said, "in recent years, and especially in recent weeks, Israel has been preparing for a direct attack by Iran. Our defensive systems are deployed; we are ready for any defensive and offensive scenario. The State of Israel is strong. The IDF is strong. The public is strong." 


However, Israeli President Isaac Herzog told CNN's Wolf Blitzer on Sunday, “Israel is not seeking war after Iran's attack and "balance is needed in this situation."


US President Joe Biden said on X that “I just met with my national security team for an update on Iran’s attacks against Israel. Our commitment to Israel’s security against threats from Iran and its proxies is ironclad.”


UN Secretary-General Antonio Guterres condemned Iran’s drone attacks targeting Israel as a “serious escalation” and called on all sides to show restraint to avoid a devastating regional conflagration.


The UN Security Council held an emergency meeting on April 14 over Iran’s unprecedented drone and missile attack on Israel. Further, the UK, France, and Egypt condemned Iran's actions, while Saudi Arabia called for restraint.


developing story ...

Read more

  • Should You Buy Bitcoin Now or Buy Tesla Which Holds Bitcoin?
  • Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook
  • Gold climbs to $5,050 as Fed-driven USD weakness offsets positive risk tone ahead of US NFP
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookThe financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
    Author  Rachel Weiss
    18 hours ago
    The financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
    placeholder
    Gold climbs to $5,050 as Fed-driven USD weakness offsets positive risk tone ahead of US NFPGold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.
    Author  FXStreet
    23 hours ago
    Gold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.
    placeholder
    Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports. 
    Author  FXStreet
    Feb 10, Tue
    Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports. 
    placeholder
    Gold rallies further beyond $5,050 amid flight to safety, dovish Fed expectationsGold (XAU/USD) attracts follow-through buying for the second consecutive day and surges past the $5,000 psychological mark during the Asian session on Wednesday amid the global flight to safety.
    Author  FXStreet
    Feb 04, Wed
    Gold (XAU/USD) attracts follow-through buying for the second consecutive day and surges past the $5,000 psychological mark during the Asian session on Wednesday amid the global flight to safety.
    placeholder
    ASX 200 Logs Worst Session in Two Months as Gold Miners Crater Ahead of RBA DecisionAustralian shares post their worst loss in two months as gold miners slump 7.2% on hawkish US Fed outlooks and looming RBA rate hike fears.
    Author  Mitrade
    Feb 02, Mon
    Australian shares post their worst loss in two months as gold miners slump 7.2% on hawkish US Fed outlooks and looming RBA rate hike fears.
    Live Quotes
    Name / SymbolChart% Change / Price
    XAUUSD
    XAUUSD
    0.00%0.00
    USOIL
    USOIL
    0.00%0.00
    UKOIL
    UKOIL
    0.00%0.00
    USDOLLAR-F
    USDOLLAR-F
    0.00%0.00

    Gold Related Articles

    • Is Mitrade Right for You? A Complete Guide on How to Start Trading CFDs in 5 Steps
    • Gold vs Bitcoin 2026: Which Is the Better Investment?Best Hedge Asset Comparison
    • What is Gold CFD? How to Trade Gold CFD With Mitrade Example
    • 7 Best Gold Trading Platforms in Australia (2026): Top ASIC-Regulated Brokers Compared
    • XAU/USD Gold Price Trend Analysis 2026: Will It Keep Rising?
    • Gold-Silver Ratio Explained: How to Trade Gold and Silver Profitably

    Click to view more