The Israeli military reported that Iran has launched a missile attack on Israel. In response, President Joe Biden and Vice President Kamala Harris convened with national security officials at the White House to assess U.S. preparedness in assisting Israel’s defense efforts. This attack follows an operation by Israeli ground forces targeting the Hezbollah militant group in southern Lebanon.

The incident has had immediate repercussions on the financial markets, with the Dow Jones Industrial Average dropping over 250 points, driven by a sharp increase in WTI crude oil prices amid growing concerns about escalating tensions in the oil-rich Middle East. This conflict is likely to further disrupt global markets, particularly in energy and commodities, as well as create broader economic uncertainty.