Heaviest day of strikes yet on Iran despite market bets that war will end soon
Summary
The US and Israel conducted intense airstrikes on Iran as tensions escalated across the Middle East, disrupting global oil supplies and causing significant casualties.
Key Points
- The US and Israel launched their most intense airstrikes on Iran, targeting multiple military installations.
- Iran responded with missile and drone attacks against US bases in the Gulf and fired rockets at central Israel.
- Global oil prices surged above $120 per barrel before dropping due to optimism about a quick end to the conflict.
- Iranian leadership remains defiant, with no plans to cease hostilities despite severe damage and casualties.
