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Israel has reportedly planned out its operations against Iran for 14 days, according to officials in the country’s government.
A report by The Wall Street Journal, citing a senior Israeli official, stated that Prime Minister Benjamin Netanyahu’s strategy of hitting Iran’s nuclear facilities, scientists, as well as the country’s Islamic Revolutionary Guard Corps (IRGC), would take more than a single strike.
In a seven-minute video following the strike, Netanyahu said the operation “Rising Lion” had just begun, and that it could last “as many days as it takes.
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Israel could be looking to arrive at a settlement with the Iranian government, similar to the one it announced with Hezbollah, the report added. However, before it is in a position to negotiate for a settlement, Israel could look first to degrade Iran’s arsenal and leadership.
Amid this, President Donald Trump on Friday warned Iran to strike a nuclear deal with the U.S. before it gets worse for the country.
“Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire,” the President said in a post on Truth Social.
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Meanwhile, the rising geopolitical tensions led to U.S. equities opening in the red on Friday. At the time of writing, the SPDR S&P 500 ETF Trust (SPY) was down 0.77%, while Invesco QQQ Trust Series 1 (QQQ) fell 0.83%.
Israel’s attacks on Iran also sent crude oil prices soaring.
Oil prices surged by more than 8%, with Friday’s spike being the largest single-day rise since Russia attacked Ukraine in 2022.
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U.S. West Texas Intermediate (WTI) futures traded nearly 8% higher at $73.45 per barrel, while Brent futures surged 7.2% to $74.40 per barrel.
The United States Oil Fund LP (USO) was up 7.43%, while the ProShares Ultra Bloomberg Crude Oil (UCO) was up 10.51% at the time of writing.
Airline stocks declined, though – United Airlines (UAL), American Airlines (AAL), Delta Airlines (DAL) shares declined nearly 4% at the time of writing, while Southwest Airlines (LUV) fell nearly 1.4%.
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