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In Israel has successfully foiled an unprecedented direct attack by Iran, marking a significant escalation in tensions in the region. Sirens blared across Israel as explosions reverberated in key cities during the initial wave of Iran's drone strike, targeting locations including Tel Aviv, Jerusalem, and Dimona.

Israel's foreign minister, Israel Katz, issued a stark warning to Iran, asserting that Israel would retaliate with a direct military strike if attacked from Iranian territory. The threat comes amidst escalating tensions between the two nations following a recent airstrike on Iran's consulate in Syria, which claimed the lives of several high-ranking Iranian officials.

Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel. This comes amid fears of an Iranian strike on Israel following verbal threats by Iran in response to an Israeli attack on an Iranian diplomatic compound in Syria.

In the face of escalating tensions in the Middle East, US President Joe Biden has reiterated Washington's steadfast commitment to safeguarding the security of Israel. This affirmation comes amid heightened concerns following Iran's threats in response to an Israeli airstrike on the Iranian consulate in Damascus.

Iran struck back at the United States early on Jan. 8 for killing a top Revolutionary Guard commander, firing a series of ballistic missiles at two military bases in Iraq that house American troops in a major escalation between the two longtime foes.

Iran's Supreme Leader, Ayatollah Ali Khamenei, has claimed Washington is lying about fighting terrorism in the Middle East, saying US activity has instead given rise to Islamic State. Tehran's foreign minister says the US has not honored the nuclear deal.

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