CENTCOM Intercepts Iran's Surprise Missile Barrage

A surprise barrage of ballistic missiles launched by Iran was successfully intercepted by the U.S. Central Command (CENTCOM) late Tuesday, reversing earlier losses in oil markets driven by diplomatic hopes.

The successful defense against the attack by the Islamic Revolutionary Guard Corps (IRGC) revived immediate concerns regarding Middle East stability and global energy supplies.

U.S. equity futures advanced as investors priced in geopolitical risk, while crude oil prices surged 3.92% to $82.37 per barrel after the attack pushed them sharply higher in late trading.