Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden described as"unprecedented."
The crude oil market is now bracing for the Netanyahu government's response to the attack and waiting to see whether this marks the start of a direct war between Israel and Iran, according to Jorge Leon, senior vice president at Rystad Energy. Though significant in scale, the Iranian attack caused little actual damage in Israel. The Nevatim Air Force Base in southern Israel suffered slight damage and a 10-year-old girl suffered severe injuries, according Israel Defense Forces spokesman Daniel Hagari.
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