The Israeli military has confirmed that Iran launched a missile strike against Israel.

In response, President Joe Biden and Vice President Kamala Harris swiftly gathered with national security advisors at the White House to evaluate U.S. readiness to support Israel's defense efforts.

This missile attack follows an Israeli ground operation targeting Hezbollah militants in southern Lebanon.

The financial markets reacted immediately to the escalating conflict. The Dow Jones Industrial Average took a sharp hit, plunging more than 230 points.

Meanwhile, the price of WTI crude oil surged, reflecting heightened concerns about potential disruptions in the oil-rich Middle East.

As tensions continue to rise, the conflict threatens to further destabilize global markets, particularly in energy and commodities sectors, and could lead to prolonged economic uncertainty worldwide.

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