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Below the Quote Israel-Iran conflict by Dr. Manoranajan Sharma Chief Economist- Infomerics Ratings

Iran’s launching of hundreds of missiles towards Israel, with at least some striking Israeli territory in response to Israeli attacks against people in Gaza and Lebanon, and the assassinations of top IRGC, Hamas and Hezbollah leaders' marks yet another flashpoint in the year-old Middle East war scenario. The second attack by Iran this year, after it fired hundreds of missiles and drones at Israel in April marks an unmistakable deterioration and a clear escalation of the regional war scenario. It’s no brainer to say that Israel will respond in a more than disproportionate manner because such military “actions” have inevitable “consequences”.

Where do we go from here? Difficult to say. With the US standing clearly with Israel, its long-time strategic and military partner, all bets are off and things would quickly move from bad to worse. Netanyahu ominously said Iran had made a "big mistake" and would "pay for it". Similarly, Israel Defense Forces spokesperson Daniel Haggari averred  "We have plans, and we will operate at the place and time we decide”.

There is no doubt about a massive Israeli retaliation, the only issue that remains to be seen is the scale, place and the timing of the retaliation. 

This escalation of the war, widening conflict and heightening of geopolitical tensions rocks the global scenario with incertitude and uncertainties.

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