In a significant escalation of hostilities, Iran launched approximately 180 ballistic missiles at Israel, prompting a strong response from both the Israeli Defense Forces (IDF) and the international community. Israeli officials have warned that 'everything is on the table' as they prepare for a retaliatory strike, with discussions on possible responses ongoing at high levels, including input from U.S. officials. Iran's missile attack is seen not only as retaliation for prior conflicts but also as an attempt to restore its deterrence in the region. The situation has raised concerns about a broader regional conflict, with analysts debating the risks and ramifications should Israel choose to strike back. Former U.S. National Security Advisor Bolton criticized President Biden's stance on the matter, asserting that the U.S. should not advise Israel on its military actions. Amidst this conflict, discussions are also taking place regarding the capabilities of Israel's Iron Dome air defense system, which reportedly faced challenges during the Iranian missile barrage. The global oil market reacted swiftly, with prices soaring following news of the ongoing conflict and Biden's comments about potential Israeli strikes targeting Iranian oil facilities.