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

  • Gold Price Trend Forecast: June CPI Plus Fed Chair Congressional Testimony, Can Gold Price Hold Above $4,000?
  • * 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: Cooling Inflation Fails to Offset Fed Hawkish Pressure, Gold Price May Fall to $3,500As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
    Author  TradingKey
    9 hours ago
    As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
    placeholder
    TradingKey Daily Market Brief: Gold Falls Below $4,000, TSMC’s Strong Earnings Fail to Stop AI Trade Cooling, Chip Stocks Sold OffTracking Market TrendsTradingKey - On July 16, Eastern Time, the three major US stock indexes closed down collectively. Although US economic data performed robustly and the start of the Q2 earnings se
    Author  TradingKey
    18 hours ago
    Tracking Market TrendsTradingKey - On July 16, Eastern Time, the three major US stock indexes closed down collectively. Although US economic data performed robustly and the start of the Q2 earnings se
    placeholder
    Today’s Market Recap: Unexpected PPI Drop Boosts Markets, Apple Hits All-Time High, AI Hardware Stocks Remain Under Pressure, Micron, SanDisk SlumpOn July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
    Author  TradingKey
    Yesterday 01: 20
    On July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
    placeholder
    Gold Price Trend Forecast: Why Did Gold Prices Fall After US CPI Cooled? Fed Chair Speech and Iran Situation Become Obstacles As of the Asian trading session on July 15, gold ( XAUUSD) prices fell back to fluctuate near $4,030, erasing nearly all of the gains driven by yesterday's positive CPI data. Looking at t
    Author  TradingKey
    Jul 15, Wed
    As of the Asian trading session on July 15, gold ( XAUUSD) prices fell back to fluctuate near $4,030, erasing nearly all of the gains driven by yesterday's positive CPI data. Looking at t
    placeholder
    Gold Price Trend Forecast: June CPI Plus Fed Chair Congressional Testimony, Can Gold Price Hold Above $4,000?As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
    Author  TradingKey
    Jul 14, Tue
    As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
    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