As Netanyahu vows Iran payback, markets watch for dangers of further escalation [CNBC]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: CNBC
Markets are braced for what could follow a likely Israeli retaliation. Defense stocks are rallying, and oil watchers now see a real threat to crude supplies. As much as 4% of global oil supply is at risk as oil infrastructure in Iran — one of OPEC's largest producers — could become a target for Israel. Israel's government has vowed a severe response to Iran's unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday evening, Iran launched roughly 180 ballistic missiles at several sites across Israel, an attack Tehran said came in response to the Israeli assassination of Hezbollah chief Hassan Nasrallah the week prior. Israeli authorities say there were no casualties as a result of the offensive, and that most of the strikes were intercepted. But the event marked a turning point in a series of escalatory tit-for-tat moves, as Tehran appeared adamant to re-set deterrence and
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