Middle East tensions escalate after Iran attacks Israel

Mitrade
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

  • Bitcoin Price Prediction: Fed Chair Warsh Makes Jackson Hole Debut, Can BTC Break $83,000?
  • Silver Reclaims $70 to Hit Nearly Two-Month High as Monthly Gain Exceeds 20%
  • * 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
    Gold Price Forecast: Hotter-Than-Expected PCE Inflation Pressures Gold, Will Warsh's Jackson Hole Speech Spark a New Rally? As of the European session on August 27, today's gold price (XAUUSD) maintained a range-bound consolidation trend intraday, with the latest price trading near $4,600. On Wednesday, gold p
    Author  TradingKey
    Aug 27, Thu
    As of the European session on August 27, today's gold price (XAUUSD) maintained a range-bound consolidation trend intraday, with the latest price trading near $4,600. On Wednesday, gold p
    placeholder
    TradingKey Daily Market Briefing: Nvidia Earnings Beat Expectations, Strong PCE Inflation Weighs on Market Sentiment as Focus Turns to Jackson Hole Meeting On August 26, Eastern Time, the three major U.S. stock indices closed slightly lower. U.S. July PCE inflation data came in slightly strong, reinforcing market concer
    Author  TradingKey
    Aug 27, Thu
    On August 26, Eastern Time, the three major U.S. stock indices closed slightly lower. U.S. July PCE inflation data came in slightly strong, reinforcing market concer
    placeholder
    US July PCE Data Preview: Core Inflation May Hold at 3.3%, How Will US Stocks, the Dollar, and Gold React?The U.S. will release the U.S. July Personal Consumption Expenditures (PCE) Price Index on Wednesday, August 26, Eastern Time. As a key inflation indicator closely watched by the Federal
    Author  TradingKey
    Aug 25, Tue
    The U.S. will release the U.S. July Personal Consumption Expenditures (PCE) Price Index on Wednesday, August 26, Eastern Time. As a key inflation indicator closely watched by the Federal
    placeholder
    TradingKey Daily Market Briefing: Gold Tops $4,600, Bitcoin Surges as Market Focuses on Nvidia Earnings and Jackson Hole MeetingTracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
    Author  TradingKey
    Aug 24, Mon
    Tracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
    placeholder
    Gold Price Forecast: US Treasury Yield Slump Pushes Gold Above $4,500, Will Gold Keep Rising?As of the Asian session on August 20, gold prices (XAUUSD) surged again today after breaking above $4,500 on Wednesday, reaching a nearly two-month high of $4,527.12 before pulling back i
    Author  TradingKey
    Aug 20, Thu
    As of the Asian session on August 20, gold prices (XAUUSD) surged again today after breaking above $4,500 on Wednesday, reaching a nearly two-month high of $4,527.12 before pulling back i
    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

    • 10 Best Day Trading Platforms for Beginners and Active Traders in 2026: A Practical Guide
    • What is Gold CFD? How to Trade Gold CFD With Mitrade Example
    • ​5 Best Paper Trading Platforms for 2026 (Free Demo Accounts for Beginners & Traders)
    • XAU/USD Gold Price Trend Analysis 2026: Will It Keep Rising?
    • Is Mitrade Right for You? A Complete Guide on How to Start Trading CFDs in 5 Steps
    • How and Where to Buy Gold in Australia? A Complete Guide for Beginners

    Click to view more