Escalation in the Middle East: Fighter jets and rockets bring chaos!

Escalation in the Middle East: Fighter jets and rockets bring chaos!

Tel Aviv, Israel - The tense situation in the Middle East has further tightened. In the night of Friday, Israel carried out targeted attacks on Iranian nuclear facilities, defense positions and oil and natural gas fields in Iran. According to the [Kleine Zeitung] (https://www.kleinezeitung.at/service/newsticker/aussenpolitik/197835/israel-Atackiert-iranische-pletzen-iranische-iranische-iranische-iranische-iranische-iranische-iran--iran--iran--iranische, these military actions lead to a further escalation of the Iran immediately with goals in Israel. According to reports from the Iranian news agency Fars, Iran fired a new wave of rockets to the port city of Tel Aviv and other centrally located places in the country.

To protect the population, Israeli homeland protection has published instructions. Citizens are urgently asked to stay near shelter and bunkers, and to minimize their movements in public space and to avoid public meetings. These measures apply until the next update of the security situation.

The humanitarian effects

The effects of the latest conflict escalation are devastating. According to official information, over 120 people have been killed in Iran since Friday and more than 900 were injured. Humanitarian costs can also be felt in Israel: Ministeries reported at least 14 deaths and 390 injured since the start of the air strikes.

The international trade and financial market is also concerned about developments in the region. The US exchanges react negatively to the warlike arguments, which, according to [Lessentiel] (https://www.lesstetiel.lu/de/story/Hahost conflict---120-- and-- and-wärt-im-iran-freit-439593570331), led to a noticeable decline in leading indices. The Dow Jones Index fell by 1.79 % to 42,197.79 points, while the S&P 500 had to be reduced by 1.13 % and the Nasdaq 100 by 1.29 %.

consequences for the global economy

The effects of escalation in the Middle East could have dramatic consequences for the global economy. Chancellor Merz has convened the security cabinet to evaluate the situation. Experts warn of possible price increases in energy and raw materials, since the oil price for Brent increased by 9 % to $ 75.60 per barrel on Friday, the highest course since May 2020.

oil price increases already have consequences for consumers in Germany, where the ADAC expects higher fuel prices. In addition, the conflict could heat inflation because new transport routes would be necessary. The gold price also jumped and approaches record heights, while investors are looking for safe ports in crisis situations.

Overall, there is a worrying mood on the financial markets, the effects of which are far -reaching and underline the need for quick diplomatic solutions. The situation is classified as still unstable.