Tasnim: Iran launched new wave of missiles toward Israel

Tasnim: Iran launched new wave of missiles toward Israel

Iran Launches Missiles Toward Israel Amid Escalating Regional Tensions

Iran’s Revolutionary Guards and other military forces launched a new wave of missiles and drones toward Israel on February 28, 2026, according to Iranian state media and Israeli military reports. The strikes followed a preemptive attack by the United States and Israel on Iranian targets, including sites near Tehran and key nuclear facilities. Israel's military confirmed the interception of some threats but warned of ongoing risks to civilian populations.

The escalation has triggered immediate economic and financial ripple effects. Global oil markets reacted sharply, with Brent crude futures surging to $92 per barrel, reflecting concerns over potential disruptions to Middle East oil exports. Analysts note that prolonged hostilities could further strain energy supplies, given Iran's role in regional oil trade and the vulnerability of Gulf shipping lanes.

Currency markets also showed volatility. The U.S. dollar strengthened against emerging market currencies, with the Iranian rial dropping to 550,000 per dollar, its lowest level since 2022. Investors are closely monitoring sanctions and trade restrictions, which have historically constrained Iran's access to global financial systems.

The conflict has heightened risks for regional economies. The U.S. and Israel have mobilized significant military assets, including two aircraft carriers and allied forces, raising concerns about prolonged conflict costs. Meanwhile, Iran's internet blackout—a tactic used during previous crises— could disrupt business operations and exacerbate economic instability.

Investors are advised to consider geopolitical risks in their portfolios. Defensive assets, such as gold and U.S. Treasuries, have seen increased demand, while equities in energy, defense, and regional markets remain volatile. The International Atomic Energy Agency has also raised concerns about the impact of strikes on Iran's nuclear infrastructure, though the long-term implications for nuclear negotiations remain uncertain.

As the situation evolves, financial markets will likely remain sensitive to further military actions, diplomatic developments, and sanctions adjustments. Investors are urged to monitor official statements from central banks and geopolitical risk indices for guidance.