
Israel bombed nuclear targets in Iran on Thursday and Iranian missiles hit an Israeli hospital overnight, as the week-old air war escalated with no sign yet of an off-ramp.
Following the strike that damaged the Soroka medical centre in Israel's southern city of Beersheba, Prime Minister Benjamin Netanyahu said Tehran's "tyrants" would pay the "full price".
Defence Minister Israel Katz said the military had been instructed to intensify strikes on strategic-related targets in Tehran in order to eliminate the threat to Israel and destabilise the "Ayatollah regime".
Israel's sweeping campaign of airstrikes aims to do more than destroy Iran's nuclear centrifuges and missile capabilities. It seeks to shatter the foundations of Supreme Leader Ali Khamenei's government and leave it near collapse, Israeli, Western and regional officials said.
Netanyahu wants Iran weakened enough to be forced into fundamental concessions on permanently abandoning its nuclear enrichment, its ballistic missile programme and its support for militant groups across the region, the sources said.
Israeli Foreign Minister Gideon Saar, speaking to reporters outside the damaged hospital, said "regime change" in Tehran was not a goal the security cabinet had set "for the time being".
U.S. President Donald Trump, meanwhile, has kept the world guessing about whether Israel's superpower ally would join it in airstrikes.
Israel said it had struck Iran's Natanz and Isfahan nuclear sites. It initially said it had also hit Bushehr, site of Iran's only functioning nuclear power plant, but a spokesperson later said it was a mistake to have said this.
An Iranian diplomat told Reuters Bushehr was not hit and Israel was engaged in "psychological warfare" by discussing it. Any attack on the plant, near Arab neighbours and housing Russian technicians, is viewed as risking nuclear disaster.
Trump has veered from proposing a swift diplomatic end to the war to suggesting the United States might join it. On Wednesday, he said nobody knew what he would do. A day earlier he mused on social media about killing Iran's Supreme Leader Ali Khamenei, then demanded Iran's unconditional surrender.
A week of Israeli air and missile strikes against its major rival has wiped out the top echelon of Iran's military command, damaged its nuclear capabilities and killed hundreds of people, while Iranian retaliatory strikes have killed at least two dozen civilians in Israel.
Source: Investing.com
US President Donald Trump has rekindled economic debate after stating that his administration could eliminate the income tax entirely and replace it with revenue from import tariffs. According to Trum...
Trading on the Chicago Mercantile Exchange (CME) was halted on Friday (November 28th) following a cooling issue at one of its data centers. "Due to a cooling issue at the CyrusOne data center, our ma...
Deutsche Bank forecasts the U.S. dollar will weaken approximately 6% on a trade-weighted basis by the end of 2026, according to a new report released by the bank's foreign exchange strategists. The b...
Initial jobless claims in the US fell by 6,000 from the previous week to 216,000 on the period ending November 22nd, a third consecutive drop to tie the lowest level since February, and below market e...
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting record tariff revenue offset by the shift of some Novemb...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions and derivatives tied to overnight rates, with investors seeking protection against heightened policy...
The U.S. dollar strengthened slightly on Friday, but the greenback is still facing its sharpest weekly drop since July as traders assess the probability of a rate reduction by the U.S. Federal Reserve next month. Traders have raised the odds of a...
Brent crude oil futures inched up on Friday as drawn-out Russia-Ukraine peace talks kept geopolitical risks elevated, while traders kept one eye on the outcome of an OPEC+ meeting on Sunday for clues about potential output changes. However, U.S....
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal...
Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher...