A series of loud explosions are heard in central Israel as the military says it carried out intelligence-based strikes in Tehran.

Iran launched multiple deadly waves of missiles and drones toward Israel into Saturday morning following Israel’s unprecedented strikes aimed at destroying Iran’s nuclear program and decapitating its military leadership.

Iranian media reported that Israel struck the South Pars Gas Field in what would be the first attack on an Iranian energy site.

Israel’s defense minister has warned that “Tehran will burn” if Iran continues firing missiles. The two countries traded blows on Saturday, a day after Israel launched a blistering surprise attack on Iranian nuclear and military sites,

Israel’s attack on Iran was long in the making – the result of years of meticulous planning by Israel and days of high-stakes talks between Tel Aviv and Washington, officials told CNN.

At least three people were killed and scores were wounded during an aerial battle over Tel Aviv, as Iranian missiles rained down and Israeli rockets attempted to intercept them.

NEW YORK (Reuters) -Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to U.S.-wide protests against U.S. President Donald Trump that threatened more domestic chaos.

U.S. stocks opened sharply lower and oil prices jumped after Israel launched airstrikes against Iran. Israel’s defense minister Israel Katz declared a special state of emergency following the attack.