Israel’s attacks on Iran’s nuclear facilities risk pushing back the timeline for Federal Reserve interest-rate cuts as the US central bank waits to assess any potential impact on inflation, economists said.

A second wave of Iranian missiles has targeted Jerusalem, Israeli’s military has said. Witnesses have reported explosions over the ancient city as Israel’s air defence system is activated. There were also reports on Saturday morning of a fire following a blast at Mehrabad airport in Tehran.

Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

Israel and Iran are on the brink of war once again! But why did this geopolitical risk push the Indian stock market into a frenzy of selling on Friday? And will the trend continue next week?

Maksym Dzhyhun political scientist Unfortunately, there are all indications that this war will also impact Ukraine, given the multitude of factors and interests of various countries that have now converged in Israel’s attack on Iran.

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Airlines cleared out of the airspace over Israel, Iran and Iraq early on Friday after Israel launched attacks on targets in Iran, Flightradar24 data showed, with carriers scrambling to divert and cancel flights to keep passengers and crew safe.