Concerns Of Full-scale War In Middle East Heightened Due To Israel's Attack On Iran

Iranian people resisting Israel's attack (Source: Reuters)

With Israel launching a preemptive strike on Iran, tensions in the Middle East are rapidly escalating. On the 13th (local time), Axios and other foreign media reported that the Israeli air force carried out an airstrike on Iranian territory. This is the first instance where recent heightened tensions between the two countries have escalated into actual military conflict.

Iran immediately retaliated. Iran's Armed Forces General Staff issued a statement defining “Israel's attack as an act of aggression that violates all international norms” and declared, “We will definitely retaliate against all commanders, executors, and supporters.” The strong stance suggests that military tensions between the two countries could escalate beyond temporary clashes to a full-scale war.

Later in the afternoon, the Israeli Prime Minister's Office officially confirmed that they are preparing for full-scale war. According to Russia's Tass News Agency, Prime Minister Benjamin Netanyahu's side stated, “Israel does not rule out the possibility of a full-scale war with Iran and is preparing all necessary military and civil defense measures.”

The international community is calling for immediate restraint and diplomatic mediation, but this situation is expected to have a significant impact on the global asset market, including oil and financial markets. As the risk stemming from the Middle East becomes a reality, geopolitical instability is entering a new phase.