Iran Missiles Hit Tel Aviv Amidst Peace Talk Uncertainty
Analysis based on 25 articles · First reported Mar 09, 2026 · Last updated Mar 09, 2026
Stock markets experienced volatility, with an initial surge following Donald Trump's softened stance on Iran, while oil prices saw a brief respite before remaining elevated due to the ongoing conflict and threats to the Strait of Hormuz. The uncertainty surrounding potential peace talks and continued military actions by Iran and Israel contribute to market instability, particularly in the energy sector.
Iran launched missile strikes against Israel===Tel Aviv, Israel, causing damage and injuries, amidst swirling uncertainty over potential peace talks to end the three-week Middle East war. US President Donald Trump made an abrupt shift, stepping back from threats to attack Iranian energy sites, citing 'very good' talks with an unidentified 'top person' to end the conflict. However, Iranian officials, including parliamentary speaker Mohammad Bagher Ghalibaf and foreign ministry spokesman Esmaeil Baqaei, denied any direct negotiations, with Ghalibaf suggesting Trump's statements were aimed at manipulating financial and oil markets. Israeli Prime Minister Benjamin Netanyahu acknowledged the US belief in a possible deal but vowed to continue striking Iran and Lebanon to protect Israel. Meanwhile, Israel continued bombardments in Lebanon, targeting Hezbollah-linked sites. The conflict has driven oil prices above $100 a barrel, and the International Energy Agency warned of a severe energy crisis if the war is protracted, especially with Iran throttling traffic through the Strait of Hormuz.
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