{"id":60618,"date":"2026-04-07T02:38:29","date_gmt":"2026-04-07T06:38:29","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/middle-east-conflict-escalates-as-iran-fires-missiles-at-israel-global-markets-brace-for-war-deadline\/60618\/"},"modified":"2026-04-07T02:38:29","modified_gmt":"2026-04-07T06:38:29","slug":"middle-east-conflict-escalates-as-iran-fires-missiles-at-israel-global-markets-brace-for-war-deadline","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/middle-east-conflict-escalates-as-iran-fires-missiles-at-israel-global-markets-brace-for-war-deadline\/60618\/","title":{"rendered":"Middle East Conflict Escalates as Iran Fires Missiles at Israel; Global Markets Brace for War Deadline"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iran launched a direct missile barrage toward Israel<\/strong>, with rocket shrapnel landing in <strong>Tel Aviv and central Israel<\/strong>, marking a significant escalation in the 39-day-old conflict.<\/li>\n<li><strong>A major Saudi Aramco (<a href=\"\/stock\/2222.SR\">2222.SR<\/a>) petrochemical plant was attacked<\/strong>, according to ground sources, as regional energy infrastructure becomes a primary target ahead of a U.S.-imposed deadline.<\/li>\n<li><strong>Sweden\u2019s March inflation data came in significantly lower than expected<\/strong>, with CPIF at <strong>1.6% (vs. 2.0% estimated)<\/strong>, signaling a rapid cooling of price pressures despite global energy volatility.<\/li>\n<li><strong>The ASX 200 surged 1.7% to 8,728.80 points<\/strong>, defying geopolitical jitters as investors reacted to domestic resilience and seasonal trends.<\/li>\n<li><strong>Singapore announced an increase in its corporate tax rebate from 40% to 50%<\/strong> for the 2026 year of assessment to help businesses navigate rising global costs.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions Reach &quot;Dangerous and Delicate&quot; Stage<\/h2>\n<p>The Middle East conflict intensified on Tuesday as the <strong>Israeli army<\/strong> detected a wave of missiles fired directly from <strong>Iran<\/strong> toward Israeli territory. Rocket shrapnel was reported in multiple areas across <strong>Tel Aviv<\/strong> and central Israel, causing widespread panic and triggering emergency defense protocols. This direct exchange follows weeks of airstrikes, including recent hits on <strong>Shiraz<\/strong> and reports from <em>The British Times<\/em> that Iran\u2019s new Supreme Leader, <strong>Mojtaba Khamenei<\/strong>, is in a critical, incapacitated state and unable to govern.<\/p>\n<p>The escalation comes as a critical &quot;war deadline&quot; looms, with the U.S. administration demanding the reopening of the <strong>Strait of Hormuz<\/strong>. In a further blow to regional stability, an <strong>Aramco (<a href=\"\/stock\/2222.SR\">2222.SR<\/a>)<\/strong> petrochemical plant in <strong>Saudi Arabia<\/strong> was reportedly hit by an attack, prompting the <strong>Saudi Civil Defense<\/strong> to issue an urgent safety alert for the Northern Borders Region. Diplomatic efforts appear to be faltering, with the Iranian Ambassador in Islamabad describing the situation as approaching a &quot;dangerous and delicate stage.&quot;<\/p>\n<h2>Markets Rally Despite Looming Deadlines<\/h2>\n<p>Global equity markets showed surprising resilience in the face of the escalating war. Australia\u2019s <strong>S&amp;P\/ASX 200<\/strong> jumped <strong>1.7%<\/strong> to finish at <strong>8,728.80 points<\/strong>, supported by strong performance in the materials and technology sectors. <em>European stocks are also set to open higher<\/em>, as investors weigh the potential for a resolution against the threat of decimated infrastructure if the Tuesday night deadline for reopening the oil conduit is not met.<\/p>\n<p>In corporate news, <strong>Domino\u2019s Pizza Enterprises Ltd (<a href=\"\/stock\/DMP\">DMP<\/a>)<\/strong> received a boost after <strong>Citi<\/strong> upgraded the stock to <strong>Neutral<\/strong> from <strong>Sell<\/strong>. The brokerage raised its price target to <strong>A$17.50<\/strong>, reflecting a slightly more optimistic view on the company&#39;s valuation following a period of underperformance. Meanwhile, crude oil prices extended gains as traders braced for potential supply disruptions in the <strong>Persian Gulf<\/strong>.<\/p>\n<h2>Economic Data: Sweden Disinflates, Singapore Eases Tax<\/h2>\n<p>Economic indicators on Tuesday provided a contrast to the geopolitical chaos. <strong>Sweden\u2019s<\/strong> March inflation figures surprised to the downside; the <strong>CPIF (CPI at constant interest rates)<\/strong> rose only <strong>1.6% year-on-year<\/strong>, well below the <strong>2.0%<\/strong> consensus and the <strong>1.7%<\/strong> recorded in February. On a month-on-month basis, the <strong>CPIF dropped 0.6%<\/strong>, suggesting that underlying inflationary pressures in the Nordic economy are receding faster than anticipated.<\/p>\n<p>In Southeast Asia, <strong>Singapore<\/strong> moved to support its corporate sector amid the global uncertainty. A senior finance official announced that the government will lift the <strong>corporate tax rebate from 40% to 50%<\/strong> for the 2026 year of assessment. This move is intended to provide immediate liquidity to firms facing high operational costs and supply chain disruptions linked to the ongoing Middle East hostilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iran launched a direct missile barrage toward Israel, with rocket shrapnel landing in Tel Aviv and central Israel, 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