The smouldering conflagration in the Middle East reached a new level of escalation last weekend. Iran attacked Israel directly with drones and missiles for the first time in history. There is a risk of further escalation between Iran and Israel. How is the market reacting to this?
![Attack on Israel Attack on Israel](https://blog.en.erste-am.com/wp-content/uploads/2024/04/20240414_PD11987.HR_-370x210.jpg)