Friday, 19 April 2024 Oil markets have largely discounted the Iranian missile and drone barrage directed at Israel because it was essentially a ruse designed not to inflict any damage, but to save face at home and abroad. Almost all of the missiles were intercepted by Israeli defense systems, yet Tehran was able to boast of its first direct attack on Israel. What should be more worrisome for oil markets is Israel’s response to Iran’s response (to Israel’s response), which came around midnight on Thursday, when first reports of an explosion inside…
In this video, we delve into the recent event where Iran launched a missile attack on Israel and the ensuing international reactions. We bring you a detailed analysis based on the latest news, shedding light on the situation.
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