Israel launches counterattack on Iran

Oil prices have surged by nearly 4 percent as Israel launched a missile attack on a target in Iran, according to international media reports.

Explosions were reported in Isfahan province in central Iran, where the country’s nuclear plant is located.

The International Atomic Energy Agency (IAEA) later announced that there was no damage to the plant.

Israel had promised a response to missile and drone attacks by Iran last weekend.

Iran had launched the attacks in response to the April 1 strike that killed its senior security officials at its embassy in Syria apparently carried out by Israel.

A US official told ABC News that Israel carried out a strike inside Iran, confirming reports of the explosion by the Asian country’s media.

There were also reports of blasts in Iraq and southern Syria.

Commercial flights we re-routed as parts of the Iranian airspace were closed.

Iran says it activated its air defence systems.

Israel is not planning further attacks and Iran is not going to retaliate either, according to various officials quoted by the media.

Brent crude price is now over $90 per barrel, up from $87 before the strike.