War Scope Widens: Iran Launches Retaliatory Strikes on Israel After Naval Clashes

Global markets are reeling as the conflict in the Middle East enters a dangerous new phase. Following the sinking of an Iranian frigate by a U.S. submarine on March 4, Tehran launched multiple ballistic missiles toward Israel early Thursday morning. NATO air defenses successfully intercepted a separate missile heading for Turkey, while oil prices surged to a six-month high as the Strait of Hormuz remains effectively paralyzed.