War rages in Iran as oil and stock markets grapple with conflicting messages from Trump and Tehran

War rages in Iran as oil and stock markets grapple with conflicting messages from Trump and Tehran

Iran fired a missile at a street in central Tel Aviv on Tuesday, targeting Israel and Gulf Arab states, hours after President Trump said the US was in talks with Tehran to end the war.

Iran rejected the claim of ongoing talks because “fake news is used to manipulate the financial and oil markets,” and Israel’s leader vowed to continue attacking Iran and Lebanon regardless of diplomatic efforts in order to “in any case, protect our vital interests.”

Iran fired several waves of missiles at Israel early Tuesday.

with impacts reported in the north of the country. In Tel Aviv, a missile carrying a 220-pound warhead slipped past Israeli defences and hit a street, blowing windows out of an apartment building and sending smoke into the air.

“We saw destruction, smoke and chaos,” rescue service worker Yoel Moshe told reporters at the scene minutes after the missile strike. He said that four people suffered minor injuries.

Israeli emergency services personnel gather at the site of an Iranian missile attack in Tel Aviv on March 24, 2026.

In Kuwait, power lines were hit by air defence shrapnel, causing partial power outages over several hours. Missile alert sirens were sounded in Bahrain and Saudi Arabia’s defence ministry said it had destroyed 19 Iranian drones targeting its oil-rich eastern province.

Earlier in the day, Israel again struck Beirut’s southern suburbs, saying it was targeting infrastructure used by the Iran-linked Hezbollah terrorist group. The Lebanese Health Ministry reported that the attack on a residential apartment southeast of the Lebanese capital resulted in the deaths of at least two individuals.

While President Trump said on Monday he was extending the deadline for Iran to reopen the Strait of Hormuz to shipping traffic by five days to allow negotiations, suspending his threat to attack Iranian power plants, Israeli and US forces have said strikes against Iranian military targets will continue.

CBS/AP

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