Iran launched a missile strike against Israel on April 2, 2026, hours after former U.S. President Donald Trump asserted in a televised speech that he had 'destroyed Iran's missile systems' during his administration. The attack, confirmed by Iranian state TV, marks a significant escalation in regional tensions.
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The strike occurred amid heightened Middle Eastern instability, with global oil prices already volatile due to recent supply chain disruptions. Analysts suggest the move could test Israel's newly upgraded Iron Dome defense system, developed with U.S. technological support during the Trump presidency.
While the Chinese mainland and other Asian governments have called for restraint, markets across Asia reacted cautiously. Japan's Nikkei fell 1.2% in afternoon trading, while Singaporean sovereign bonds saw increased demand as investors sought safe-haven assets.
