The conflict between Israel and Iran is escalating, causing concerns among many countries about the imminent outbreak of war. Despite the United States expressing its lack of support for retaliatory actions by Israel, the Israeli wartime cabinet decided yesterday (15th) to retaliate against Iran.
(Background:
Iran airstrikes on Israel! Bitcoin plummets by 60,000, Ethereum falls below 2,800, and over 2.5 million people are liquidated with a loss of over 950 million USD.)
Conflict Timeline:
On April 13th (local time), Iran launched an attack on Israel.
On April 14th (local time), tensions escalated globally, and the United States intervened to mediate.
Gold surged, and the US stock market and cryptocurrency market experienced a significant decline.
The conflict between Israel and Iran is becoming increasingly serious, causing concerns among countries about the imminent outbreak of war. Despite the US expressing its lack of support for Israel’s war, the Israeli wartime cabinet decided yesterday (15th) to retaliate against Iran.
During an inspection of the Geneva Court military base in southern Israel, Herzi Halevi, the Chief of the General Staff of the Israeli Defense Forces, stated:
“We are fully prepared for any scenario and will respond forcefully to any aggression against us.”
Additionally, Daniel Hagari, the spokesperson for the Israeli military, stated through a declaration:
“We will not tolerate any attacks on our sovereignty and will take all necessary measures to protect our citizens and ensure their safety.”
It is evident that Israel is determined to retaliate against Iran.
On the 13th, Iran launched a large-scale missile and drone attack on Israel, but Israel intercepted 99% of the attacks using its air defense systems, with only a few personnel injured. Iran stated that the incident was in retaliation for the Israeli attack on the Iranian embassy in Damascus earlier this month.
On the 14th, the United Nations Security Council held an emergency meeting to discuss the Iranian attack. UN Secretary-General Antonio Guterres warned countries not to retaliate against Iran and emphasized that the Middle East or the world cannot afford more wars. On the other hand, Israeli Prime Minister Benjamin Netanyahu initially decided to launch an attack on Iran but canceled the plan after a phone call with US President Biden.
Prior to the Iranian weekend attack, US officials revealed that Iran was about to attack Israel. As a result, all four major US stock indices had declines of over 1% before the market closed on the 12th. The Philadelphia Semiconductor Index plummeted by 3.29%. Yesterday (15th), Israel’s decision to retaliate against Iran further caused the stock market to decline. On the other hand, international gold prices broke through $2,400 per ounce, reaching a historic high last Friday (12th).
Furthermore, the cryptocurrency market was also affected by the conflict. Bitcoin plummeted from its high of $71,230 last Friday (12th) and reached a low of $60,000 early Sunday (14th), experiencing a decline of over 15% within two days. Some netizens helplessly commented, “Israel has an air defense system, but my wallet doesn’t,” “You fight, and I’ll pay,” and “Do I need to pay a fee to log in to the exchange? Why does my asset decrease every time I log in?”
(Attached image)
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