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VisitWill global oil prices significantly increase due to Middle East tensions by March 2025?
Yes • 50%
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Oil price indices such as Brent Crude or WTI reporting a significant increase
Israel Readies Largest-Ever Strike on Iran; Tehran Warns of Retaliation Including 1,000 Missiles
Oct 24, 2024, 11:40 PM
Israel is reportedly preparing for a potential military strike against Iran, which Israeli media describe as potentially the largest attack in the nation's history against an enemy state, despite pressure from the United States to avoid escalation. Israeli officials have expressed that anticipation is growing for an attack, citing recent events as crossing a major red line. Israeli forces are preparing the public for a possible Iranian response. Iran, in turn, is preparing for possible retaliation, with Iranian officials indicating that their response will depend on the severity and scope of Israel's strikes. Potential Iranian responses, as reported by Iranian officials, include launching up to 1,000 ballistic missiles, escalating attacks by proxy militant groups in the region, and disrupting global energy supplies by cutting off oil exports from the Middle East. Both nations appear to be bracing for possible conflict, with Israel readying its military and Iran ordering its armed forces to prepare for war.
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