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5 Things to Know Today: "Economic D-Day" for Iran and Gold Tops $4,700

Here's what's moving Canadian wallets this Monday — from a sanctions announcement in Washington to a record run in gold. 1. The U.S. is unveiling "economic D-Day" sanctions on Iran today U.S. Treasury Secretary Scott Bessent holds a news conference this afternoon to detail what he's calling the "toughest sanctions in history" against Iran, part of a broader push to cut off the country's oil exports and its trading partners' access to the U.S. financial system. Oil had pulled back over the weekend from last week's highs above $93 Brent as traders waited for the details. What it means for you: Sanctions announcements this sweeping tend to move oil first and gas pumps second. If Brent jumps back above $90 on today's news, expect it at the pump within a few days — worth topping up before the weekend if you're due for a fill-up. 2. TSX holds near records, but Wall Street is cautious into Jackson Hole The TSX enters the week just off its r...
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Israel Strikes Iran with Supersonic ‘Rampage’ Missile

 

In a recent military operation, Israel reportedly used a powerful supersonic missile called “The Rampage” to strike Iran. The attack targeted a military base near the Iranian city of Isfahan. Here are the key details:

  1. The Rampage Missile:

    • The missile used in the alleged Israeli attack is a locally-developed air-to-surface weapon known as “The Rampage.”
    • Manufactured by Israeli Military Industries Systems and Israel Aerospace Industries, this 4.7-meter (15-foot) rocket weighs over half a ton.
    • Designed to penetrate and destroy protected areas, such as bunkers, The Rampage poses a significant threat to ground targets.

  2. Supersonic Speed:

    • The Rampage missile can travel at supersonic speed, making it difficult to detect and intercept using air defense systems like the Iron Dome.
    • Its high velocity enhances its effectiveness in striking military bases and other strategic locations.

  3. Escaping Radar Detection:

    • The missile’s advanced technology allows it to evade Iran’s radar systems, as demonstrated in the recent attack near the Natanz nuclear site.
    • Israeli officials have suggested that this move was “calibrated to make Iran think twice” before launching another direct attack on Israel.

While Israel has not officially commented on the strike, the use of The Rampage missile underscores the escalating tensions between Israel and Iran. As the situation continues to evolve, the international community closely monitors developments in the region.

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