Middle East tensions are escalating as Iran launched approximately 200 ballistic missiles at Israel on Tuesday. Carmiel Arbit, a member of the Middle East Programs at the Atlantic Council, joins Market Domination to discuss these developments.

Arbit believes the conflict between Israel and Iran will persist, stating, "What's really unfolding is a war of attrition." She notes that today's strike on Israel was a response from the Iranians, with ballistic missiles being fired over Hezbollah. Arbit describes this as "a pretty significant message from the Iranians" and suggests that individuals can expect a response from Israel.

"The real question is whether or not [Israel is] going to specifically target Iranian nuclear facilities, which could pose an existential threat to the Iranians," she states.

Arbit speculates that Iranian leadership could be the target of an Israeli strike. However, she emphasizes that this conflict will be "complex" and unlike any "traditional" warfare where missiles are exchanged back and forth. Instead, she anticipates targeted attacks and cyber warfare.

"I think for the Iranians the goal had been to drag Israel into a wider regional war, which they had been less successful at but is now really starting to work," Arbit told Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Angel Smith