Finance

Iran launches ballistic missiles at Israel in first direct exchange since April ceasefire

The Israel Defence Forces confirmed the launch shortly after 10:00 pm local time, with Iran’s Revolutionary Guards identifying Ramat David air base as the target.

Author
Owen Mercer
Markets and Finance Editor
Published
Draft
Source: Financial Times · original
Iran launches ballistic missiles at Israel
Geopolitical escalation marks end of four-month truce; Israeli strike in Beirut cited as trigger

Iran has launched ballistic missiles at Israel, marking the first direct bombardment between the two nations since a fragile ceasefire took effect in April. The attack follows an Israeli strike in Beirut, which Israel stated targeted Hizbollah.

The Israel Defence Forces (IDF) confirmed the missile launch shortly after 10:00 pm local time on 7 June. This timing corresponds to approximately 4:00 am Japan Standard Time on 8 June, according to reports from NHK News Japan.

Iran’s Revolutionary Guards identified the Ramat David air base as the specific target of the missile launch. The escalation comes in the wake of Israeli airstrikes that targeted buildings in Beirut’s southern suburbs, known as Dahiyeh.

Israel stated that the strike in Beirut targeted Hizbollah. The attack resulted in two deaths and 20 injuries. The incident occurred approximately four months after a ceasefire agreement came into effect, ending a period of relative de-escalation.

The breakdown of the truce introduces significant geopolitical risk, occurring amid broader tensions that have previously influenced market sentiment, including discussions on trade and artificial intelligence between the United States and China.

Continue reading

More from Finance

How this week’s inflation data and interest rates affect your money
FinanceDraft

US inflation data and interest rate outlook impact consumer finances

Upcoming releases of the May 2026 Consumer Price Index, Producer Price Index and consumer sentiment reports will influence Federal Reserve decisions on interest rates. The CPI is scheduled for release on Wednesday, June 10, the PPI on Thursday, June 11, and the sentiment survey on Friday, June 12. These indicators determine whether borrowing costs remain high or decline, affecting mortgages, loans, and savings yields.

Finance DeskRead story
Read next: US inflation data and interest rate outlook impact consumer finances
Read next: US short seller Andrew Left convicted of securities fraud
Read next: Russia suspends surveillance network after AI targeting capability exposed