Israel Attacks Iran Underground Missile Sites
Analysis based on 6 articles · First reported Mar 05, 2026 · Last updated Mar 05, 2026
The ongoing military conflict between Israel and Iran, with the involvement of the United States, is expected to increase volatility in global energy markets due to the region's critical role in oil supply. Defense stocks may see increased interest, while companies with significant operations or investments in the Middle East could face heightened risk and uncertainty.
Israel's war in Iran is entering its second phase, focusing on attacking underground ballistic missile sites. This follows an initial week of joint air assaults with the United States that killed Iran's leaders and targeted hundreds of above-ground missile launchers. Iran has continued to launch missile attacks on Israel, the Gulf, and Iraq, while Israel has also conducted strikes in Lebanon in response to Hezbollah's rocket fire. The United States and Israel have taken control of much of Iran's airspace, and while missile launches from Iran have declined, Tehran is believed to be preserving its missile stocks for a prolonged conflict. Analysts from the Center for Strategic and International Studies assess that Iran still possesses land-attack cruise missiles. The conflict aims to neutralize Iran's aerial attack capabilities and degrade its ruling system.
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