Israeli Prime Minister Benjamin Netanyahu vowed Tuesday that Iran would face consequences for what Israel described as a missile attack, while Tehran warned any retaliation would lead to "vast destruction," escalating fears of a broader regional conflict.
The U.S. voiced full support for Israel, its key ally in the Middle East. Iran's armed forces cautioned that if Israel’s allies intervened directly against Tehran, they would face a "strong attack" on their bases and interests in the region.
Oil prices surged by 5% amid concerns of an expanding conflict, and the U.N. Security Council scheduled a meeting for Wednesday to address the situation.
“Iran made a big mistake tonight – and it will pay for it,” Netanyahu said at the start of a security meeting, according to a statement from his office.
Iran Claims Retaliation, Israel Activates Defenses
Iran’s Revolutionary Guard Corps claimed the missile barrage was in response to Israel's recent strikes in Lebanon against the Iran-backed Hezbollah and actions in Gaza.
On Tuesday, Israel reported that over 180 ballistic missiles were fired from Iran, with alarms sounding across the country and explosions heard in Jerusalem and the Jordan River valley. Israel stated that its air defenses were activated, intercepting many of the missiles. Iran claimed it used hypersonic Fattah missiles, asserting that 90% hit their intended targets.
U.S. and International Responses
The Pentagon confirmed that U.S. Navy warships fired interceptors in response to missiles headed toward Israel. President Joe Biden condemned Iran's actions as "ineffective" and assured U.S. support for Israel, with Vice President Kamala Harris reiterating U.S. backing.
Tehran’s Warning and Calls for Ceasefire
Iran’s armed forces warned that any Israeli retaliation would lead to significant destruction of Israeli infrastructure and pledged to target regional allies that support Israel. U.N. Secretary-General Antonio Guterres condemned the escalation and called for a ceasefire, while EU foreign policy chief Josep Borrell urged for an immediate halt to hostilities.


Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 



