Iran fires at Israel, mocks Trump’s Hormuz plan
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- Iran launched waves of missiles at Israel on March 24, a day after President Trump claimed “very good and productive” talks to halt the war.
- Iran’s embassy in South Africa posted an image mocking Trump’s suggestion of joint control of the Strait of Hormuz, while Iran’s parliament speaker declared the alleged negotiations “fake news.”
- Israel reported that the missile attack triggered air‑raid sirens and caused damage in Tel Aviv, with police attributing the damage to a cluster‑munitions missile carrying three to four warheads.
- Israel’s military carried out a large wave of strikes in central Tehran the day before, targeting IRGC command centres, ballistic‑missile storage and launch sites.
- Pakistan indicated that direct talks between the United States and Iran could be held in Islamabad this week, with U.S. Vice‑President J.D. Vance and Trump’s envoys expected to meet Iranian officials.
- Markets reacted to Trump’s postponement of a planned attack on Iran’s power plants: U.S. Treasury yields rose, the dollar recovered, and Brent crude jumped 4.2% to $104.21 a barrel.
- UAE said it intercepted five ballistic missiles and 17 drones launched from Iran, underscoring regional defensive actions.
Why it matters: The missile strike escalates the Israel‑Iran confrontation, undercutting Trump’s diplomatic overtures and prompting regional defenses, while markets react to heightened oil‑price risk and the prospect of renewed U.S. strikes, hurting investors in energy and raising security costs for Israel while straining regional stability.
