Iran attacks US bases in Middle East as Trump meets Netanyahu

Core Impact Points

• Iran's Islamic Revolutionary Guard Corps (IRGC) launched multiple ballistic missiles in an attempted surprise attack on US forces based in the Middle East.
• The US military intercepted all the missiles, but the attack has raised concerns about the escalating tensions between the US and Iran.
• The attack comes as US President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu, who has been pushing for war on Iran.
• Iran has rejected Oman's proposal to jointly manage traffic in the Strait of Hormuz, and instead proposed managing shipping on its side of the strait.
• The attack has caused a surge in oil prices, with US oil futures jumping over 4% to over $82 a barrel.
• The US has threatened to restart strikes on Iran if negotiations stagnate, while Iran has denied seeking to resume talks with Washington.