The post Shares on Tel Aviv Stock Exchange plunge amid Iran conflict with Iran appeared first on The Times of Israel.

The Israel-Iran war has intensified dramatically over the last 48 hours, with both countries launching direct and targeted airstrikes on key defense and nuclear sites. Israel reportedly struck Iran’s defense ministry headquarters in Tehran,

Onlookers gathered on Saturday at a central Tel Aviv residential building next door to Israel’s defense headquarters that was damaged after it took a hit from what appeared to be shrapnel from an overnight missile barrage from Iran.

Israeli citizens were ordered to head to bomb shelters on Friday night amid retaliatory missile strikes from Iran.

In a shocking escalation, Iran launched its most devastating assault yet on Israel, flattening parts of Tel Aviv and overwhelming the country's vaunted Iron Dome defense. This exclusive report reveals the full extent of Iran’s missile and drone arsenal used in Operation True Promise III—from the hypersonic Fattah-1 to the Ghadr-110,

Residents awoke to mostly quiet streets in Tel Aviv after spending the night running back and forth to bomb shelters after Iran’s attacks on the coastal city. Some restaurants and cafes were closed, although those that remained open were full of people drinking coffee and eating pastries as normal.

Fox News reporter Trey Yingst was standing on a balcony as short-range missiles behind him appeared to come closer before being intercepted by Israel's Iron Dome defense system. The footage of the incident preceded a night in which Israel and Iran traded fire, with explosions heard in Tel Aviv, Jerusalem and Tehran.

Residents of Tel Aviv woke up to scenes of destruction after Iran launched a barrage of missiles on Saturday, June 14. Several apartment buildings and residential streets were damaged in the strikes.