Oil Soars On Report US Sees Imminent “High-Precision Missile” Strike On Israel By Iran

Via ZeroHedge

And just like that what was already a terrible day for fans of deflation – not to mention Biden and the Fed -got worse –  when moments ago oil soared by over $1 per barrel, with WTI jumping above $86 and Brent over $90…

… after a Bloomberg report that the US sees a missile strike on Israel by Iran and proxies as “imminent” to wit:

The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent, in what would mark a significant widening of the six-month-old conflict, according to people familiar with the intelligence.

The potential assault, possibly using high-precision missiles, may happen in the coming days, the people said, requesting anonymity to discuss confidential matters. It is seen as more a matter of when, not if, one of the people said, based on assessments from US and Israeli intelligence.

Iran has threatened to hit Israel in retaliation for an attack on a diplomatic compound in the Syrian capital of Damascus last week that killed senior Iranian military officials. Israel has not explicitly acknowledged it was behind that attack, though it has traditionally followed a policy of ambiguity on operations in Syria, Lebanon and elsewhere.

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Multiple IRGC Generals Reported Killed In Israeli Attack On Iranian Embassy In Syria

Via ZeroHedge

Update(1450ET): Tehran is vowing a “harsh” response to the Israeli attack on its embassy and consulate earlier in the day, which killed at least five to eight people, reportedly including IRGC leaders. Iran’s foreign minister slammed it as “a violation of all international obligations and conventions” while the Syrian government denounced it as a “terrorist attack”.

Iran’s Ambassador to Syria Hossein Akbari was not injured in the attack, which appeared to have occurred at the moment a high level meeting was taking place. Iranian state media has since confirmed the death of Brigadier General Mohammad Reza Zahedi, a senior commander in the elite Quds Force of the IRGC. There are further indicators that two more top IRGC commanders may be among the slain

“Tasnim reported that Zahedi’s deputy was also killed in the strike,” regional media further confirms.

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‘We are attacking Iran’ – Netanyahu

Via RT

Israel’s prime minister accuses Tehran of supporting militant groups ‘from the Houthis to Hezbollah to Hamas’

Prime Minister Benjamin Netanyahu has said that Israel is already carrying out direct attacks on Iran and is making every possible effort to prevent Tehran from attaining nuclear weapons.

Answering a reporter’s question in Tel Aviv on Thursday about why Israel is conducting attacks on Iran’s proxies rather than attacking the country directly, Netanyahu replied: “Who says we are not attacking Iran, we are attacking.”

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Israel Shoots Down the First Missile in Space

Guest Post by Martin Armstrong

Israel has just made an important step in warfare. Their Arrow missile-defense system has shot down a ballistic missile outside of Earth’s atmosphere, which is the first time warfare has taken place in space. This was an Iranian missile launched from Yemen by the Iran-backed Houthis, who have declared war on Israel. This missile traveled out of the Earth’s atmosphere in hopes of avoiding all radar, and this would be a surprise attack. This flew nearly 1000 miles (1600km) over the Arabian peninsula outside the atmosphere and would then turn down targeting the Israeli port city of Eilat.

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Israeli minister threatens to ‘wipe Iran off the face of the Earth’

Via RT

Nir Barkat warned that the enemies would lose sleep if his country is attacked from other fronts Israeli soldiers patrol next to communities near the Israeli-Gaza border, southern Israel, Friday, October 20, 2023. © AP Photo / Ohad Zwigenberg

Israeli Economy Minister Nir Barkat said on Sunday that the Israeli forces would “eliminate” Hezbollah and target Iran if the Palestinian militants open up a “northern front.”

“The plan of Iran is to attack Israel on all fronts. If we find they intend to target Israel, we will not just retaliate to those fronts, but we will go to the head of the snake, which is Iran,” Barkat told The Mail on Sunday. He added “the ayatollahs in Iran are not going to sleep good at night” if they move against Israel.

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