Israel hits target in Iran's central province of Isfahan in limited strike

Israel struck a target in the central Iranian province of Isfahan, where the country's nuclear installations are located.

Jerusalem

Source: Sharecast

The province was also the location of the air base from which Iran had launched drones against Israel one week before.

According to two officials cited by CBS News, the BBC's U.S. partner, an Israeli missile had struck Iran.

For its part, the New York Times, citing three Iranian officials, said a military base near Isfahan was hit.

Yet Iran's state-owned news agency Tasnim was reporting that a "missile attack or large explosion" had been ruled out.

The retaliatory strike followed an Iranian attack with over 300 drones and missiles during the previous weekend, which caused only minor damage at one Israeli air force base, as 99% of the drones and missiles were downed mid-flight.

Euro/dollar initially fell to 1.0611 but as of 0709 BST had pared its decline to just 0.12% to 1.0630.

In parallel, front-dated Brent crude oil futures rose to an intra-day high of $90.75 a barrel, but could last be seen at $88.67.

The two main questions now left to answer appeared to be whether the Israeli strike had ended and whether Iran would respond.

"Suppose the reports are accurate and Israel indeed launched a barrage of missiles at Iran's top nuclear facility," said Stephen Innes, managing partner at SPI Asset management.

"In that case, it is a clear sign that tensions will continue to rise and possibly beyond a tit-for-tat manner."

-- More to follow --

Compare our accounts

Whether you're looking for a Share Dealing Account or Share Dealing ISA, we've got an account to suit your needs.

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2024 Refinitiv, an LSEG business. All rights reserved.