As Israeli Prime Minister Benjamin Netanyahu vowed to fight “as long as it takes,” Iran fired missiles at Israel, and Israeli warplanes attacked air defenses around Tehran.

DUBAI, United Arab Emirates (AP) — Israel’s defense minister warned Saturday that “Tehran will burn” if Iran continues firing missiles, as the two countries traded blows a day after Israel launched a blistering surprise attack on Iranian nuclear and military sites, killing several top generals.

Israel’s defense minister warned Saturday that “Tehran will burn” if Iran continues firing missiles, as the two countries traded blows a day after Israel launched a blistering surprise attack on

Explosions were heard in the Iranian capital, Tehran, as Israel launched a preemptive strike. Israel is under a state of emergency, as Iran retaliated Friday night with missile attacks.

Israeli Prime Minister Benjamin Netanyahu said in a Saturday address that "senior leaders in Iran are already packing their bags... they sense what's coming."

Israel attacked Iran early Friday with a barrage of airstrikes that took out top military officers and hit nuclear and missile sites, calling it just the beginning and raising the potential for an all-out war between the two bitter Middle East adversaries.

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.

Israeli leaders might hope Friday's strikes start a chain reaction leading to unrest that topples the Islamic Republic, writes Amir Azimi.

Keep an eye out for signs of labor-market weakness, as well as the risk that rising oil prices could put more upward pressure on inflation.