Iran Israel War: The Global Impact: You Won't Want to Miss This

As attacks between Israel and Iran persist, the global economy could face an adverse shock if tensions aren’t contained. The escalation between Israel and Iran has raised many important questions about a region already facing crises on multiple fronts. Iran has responded with its own barrage of missile strikes on Israel , hitting cities such as Tel Aviv, Haifa and Beersheba. Critical civilian sites, including the Soroka Medical Center and the. The Israeli attack on Iran 's nuclear program and military assets and Iran 's responding missile strikes represent a significant escalation in the long-standing tensions between the two nations. RAND experts provide insights into the strategic, diplomatic, and economic dimensions of this unfolding crisis. Israel ' s attack on Iran was not the fierce response that US President Joe Biden and other western leaders had feared. They have been urging Israel to draw a line under the dangerous series of. How the Israel - Iran attacks could impact the global economy Flare-ups in the Middle East have a predictable impact on the price of oil - causing it to spike as investors grow fearful about supply. Iran ’ s historical animosity towards Israel , coupled with its support for various groups across the Middle East, has intensified tensions. The attack achieved Iran’s strategic aims of reshaping the rules of engagement and imposing significant costs on its adversaries. Iran has retaliated by launching hundreds of drones and missiles against Israel, some of which have penetrated Israel’s vaunted aerial defence system, killing two dozen people so far. That same day, Tehran launched retaliatory missile attacks. Espreso explains why this war between two countries with no shared border is escalating, how it could draw in other nations, and what global consequences might follow.