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What will be the impact on global oil prices following Iran's missile attack on Israel by October 15, 2024?
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Resolution / Starting Odds
Oil prices increase by more than 10% • 25%
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Oil price indices such as Brent Crude and WTI
Story
U.S. Warns Iran of Severe Consequences Amid Imminent Missile Attack on Israel
Oct 1, 2024, 01:59 PM
U.S. officials have warned that Iran is preparing to imminently launch a ballistic missile attack against Israel, possibly within hours, according to multiple reports. The White House has indicated that intelligence suggests Iran intends to launch missiles against Israel in the near future. In response, Defense Secretary Lloyd Austin has spoken with Israeli Defense Minister Yoav Gallant, emphasizing that any direct military attack by Iran would carry severe consequences. The U.S. Central Command (CENTCOM) is reported to be prepared alongside Israel. Israel's military has stated that its air defense systems are fully prepared, with Air Force planes patrolling the skies, and that any Iranian attack will have significant repercussions.
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