Israel’s multilayered air-defense system appears to have passed another test after fending off Iran’s latest missile barrage.

Oil prices rose on Wednesday as investors reacted to escalating tensions in the Middle East following Iran's missile attack on Israel. Concerns over disruptions to energy supplies intensified, driving market uncertainty and pushing prices higher.

Iran has unleashed its largest ever attack on Israel, firing 180 ballistic missiles late Tuesday most of which were apparently intercepted by anti-missile defenses employed by Israel, the United States and Jordan,