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The attack represents a new status quo for the Middle East. Whatever stability and optimism existed previously is now effectively gone. It is all but assured that Israel will retaliate, and Tehran has warned that such a move would draw an even greater Iranian response.
TEHRAN, Iran -- Iran's drone and missile attack on Israel late Saturday reflects the political pressure its leadership faces from hard-liners to retaliate against a suspected Israeli strike on the Iranian consulate in Damascus this month, according to a foreign policy expert specializing in Iranian affairs.
U.S. stock futures were little changed Monday night after a losing day for the major benchmarks.
Israel's military chief said Monday that his country will respond to Iran's weekend attack, but he did not elaborate on when and how as world leaders urged Israel not to retaliate, trying to avoid a spiral of violence in the Middle East.
Israel has vowed to "exact a price" from Iran in retaliation for the large-scale aerial assault on the Jewish state this weekend — while some analysts expect Israel to respond, the timing and extent of that retaliation remains in question.
Rising inflation in March didn't deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday.
Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain on edge, analysts said.
Close to midnight on April 13, hundreds of military drones were launched from both Iran and Iraq toward Israel. Subsequently, several waves of ballistic missiles, cruise missiles and rockets followed, originating from Iran, Iraq, Yemen and Lebanon – all directed at Israel.