Israel carried out a powerful aerial strike in the Tehran area as the country marked Nowruz, the Persian New Year, The Associated Press reported, citing activists in Iran.
The United Arab Emirates and Kuwait each announced separately that they were "responding to a missile attack." In Dubai, air defense systems were activated and intercepted a threat over the city’s skies as residents marked Eid al-Fitr, the end of the Muslim holy month of Ramadan, while the first prayers of the day echoed from mosques. In Bahrain, the interior minister said sirens were activated across the country, while Saudi Arabia’s defense minister reported that the Saudi military intercepted a drone in the eastern part of the kingdom.
Against the backdrop of a strike on Iran’s South Pars gas field and Tehran’s retaliation targeting energy facilities in the Gulf, The Wall Street Journal reported that oil industry officials in Saudi Arabia are working urgently to assess how the continued fighting will affect global oil prices. According to the report, the officials "are not pleased with what they see" and expect prices could surge to around $180 per barrel by the end of April if the war and disruptions to global supply continue.
Impacted Markets
5 marketsWill Israel strike 2 countries in 2026?
Polymarket
Vol: $1334.8k
Impact
5/10
Volatility
high
Macro
high
Risk
high
Will Israel strike 12 countries in 2026?
Polymarket
Vol: $52.1kLiq: $10.4k
Impact
2/10
Volatility
high
Macro
high
Risk
high
Will Israel strike 15 or more countries in 2026?
Polymarket
Vol: $26.6kLiq: $11.0k
Impact
2/10
Volatility
medium
Macro
high
Risk
high
Will Israel strike 1 country in 2026?
Polymarket
Vol: $87.3k
Impact
9/10
Volatility
low
Macro
high
Risk
low
Will Israel strike 13 countries in 2026?
Polymarket
Vol: $36.2kLiq: $11.4k
Impact
3/10
Volatility
high
Macro
high
Risk
high