Israel reports Iranian missile attack, complicating ceasefire efforts
Iran launched its first direct strike against Israel since the April ceasefire, with nearly 30 missiles intercepted and retaliatory strikes following swiftly.
Iran and Israel exchanged direct strikes over the weekend, testing a fragile ceasefire and putting global markets back on alert.
Iran launched missiles at Israel in response to Israeli strikes in Beirut, marking the first direct Iranian missile attack since the April 8 ceasefire. Israel intercepted most of the incoming missiles before responding with strikes on Iranian targets.
Both sides later signaled a pause in offensive operations after President Donald Trump urged Israel and Iran to stop shooting. The halt lowered immediate market stress, but the episode showed how quickly the region can move from proxy conflict to direct confrontation.
Oil prices jumped at the start of trading as investors priced in the risk of a broader Middle East shock. Those gains faded after Iran said its latest military operations had ended, leaving traders focused on whether the pause can hold.