American Express Launches New Graphite™ Business Cash Unlimited Card, Kicking Off the Most Significant Year for Commercial Product Expansion in Company History

DUBAI, United Arab Emirates (AP) — Israel’s military said it intercepted a missile launched from Yemen toward Israel early Saturday and the Iranian-backed Houthi rebels later claimed responsibility for the attack, their first since the war in the Mideast started.

Brig. Gen. Yahya Saree, a military spokesman for the Houthis, claimed responsibility in a statement aired Saturday morning on the rebels' Al-Masirah satellite television. The possible entry to the war of the Houthis calls into question whether the group will again target commercial shipping traveling through the Red Sea corridor.

Sirens went off around Beer Sheba and the area near Israel’s main nuclear research center for the third time overnight Friday into Saturday as Iran and Hezbollah continued to fire on Israel overnight. Loud explosions also filled the air in Tel Aviv and Israel’s Fire and Rescue Service said it was responding to 11 different impact sites across the metro area.

Israel had struck Iran’s nuclear facilities hours after threatening to “escalate and expand” its campaign against Tehran on Friday. Iran vowed to retaliate and struck a base in Saudi Arabia, wounding U.S. service members and damaging planes.

More than two dozen U.S. troops have been wounded in Iranian attacks on Saudi Arabia’s Prince Sultan air base in the past week, according two people who have been briefed on the matter. Iran fired six ballistic missiles and 29 drones at the base in the Friday attack that injured at least 15 troops, including five seriously, according to the people who were not authorized to comment publicly and spoke on the condition of anonymity.

The base about about 96 kilometers (60 miles) from the Saudi capital of Riyadh came under come attack twice earlier in the week, including a strike that injured 14 U.S. troops, according to the people briefed on the matter. The base is run by the Royal Saudi Air Force but also used by U.S. troops.

In Lebanon, authorities said more than 1,100 people have been killed since the start of the war. The Associated Press is now calling Israel’s military actions in southern Lebanon an invasion. Israel has moved thousands of troops across the border into Lebanon, and Israeli forces and Iran-backed Hezbollah militants have been fighting on the ground for at least three weeks.

U.S. stocks experienced a further drop Friday. The S&P 500 sank 1.7% to close out its worst week since the Iran war started and its 5th losing week in a row. The Dow Jones Industrial Average dropped 1.7%, and the Nasdaq composite sank 2.1%. Meanwhile, crude oil prices continued to soar.

With U.S. gas prices approaching $4 a gallon, members of Congress have been pushing to suspend the federal gasoline tax, set at 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel fuel. U.S. President Donal Trump suggested states should look at suspending their fuel taxes.

Saree said the Houthis fired a barrage of ballistic missiles targeting what he described as “sensitive Israeli military sites” in southern Israel. The attack came hours after Saree signaled in a vague statement Friday that the rebels would join the war.

The Houthis have held Yemen’s capital, Sanaa, since 2014, and so far had stayed out of the war as the rebels have had an uneasy ceasefire for years with Saudi Arabia, which launched a war against the group on behalf of Yemen’s exiled government in 2015.

Attacks on vessels during the Israel-Hamas war upended shipping in the Red Sea, through which about $1 trillion worth of goods passed each year before the war. The rebels also fired drones at Israel.

In 2024, the Trump administration launched strikes against the Houthis that ended weeks later. The U.S.-led campaign against the Houthi rebels, overshadowed by the Israel-Hamas war in the Gaza Strip, turned into the most intense running sea battle the Navy had faced since World War II.

The Houthi rebels attacked over 100 merchant vessels with missiles and drones, sinking two vessels and killing four sailors, from November 2023 until January 2025. That would cause further chaos in global shipping, which already is reeling from Iran’s stranglehold over the Strait of Hormuz, the narrow mouth of the Persian Gulf through which a fifth of all oil and natural gas once passed.

The potential involvement of the Houthis in the war also would complicate the deployment of the USS Gerald R. Ford, the aircraft carrier that went to port in Crete on Monday for repairs. Sending the carrier back into the Red Sea could draw it into the same high tempo of attacks seen by the USS Dwight D. Eisenhower in 2024 and the USS Harry S. Truman in the 2025 American campaign against the Houthis.

Israel focused its attacks Friday on sites “in the heart of Tehran” where ballistic missiles and other weapons are produced, the military said. It said it also hit missile launchers and storage sites in Western Iran, while witnesses in eastern Tehran reported a partial power outage following airstrikes.

Iranian state media said Friday that two nuclear facilities had come under attack. Israel, which had threatened to “escalate and expand” its campaign against Tehran, claimed responsibility, and Iran quickly threatened to retaliate.

“Iran will exact HEAVY price for Israeli crimes,” Iranian Foreign Minister Abbas Araghchi said via X.

Iran’s Atomic Energy Organization said the Shahid Khondab Heavy Water Complex in Arak and the Ardakan yellowcake production plant in Yazd Province were targeted, IRNA reported. The strikes did not cause any casualties and there was no risk of contamination, it said. The Arak plant has not been operational since Israel attacked it last June.

Yellowcake is a concentrated form of uranium after impurities are removed from the raw ore. Heavy water is used as a moderator in nuclear reactors.

The Israeli military later said raw materials are processed for enrichment at the Yazd plant and the strike was a major blow to Iran's nuclear program.

Seyed Majid Moosavi, IRGC’s Aerospace Force commander, said on X that employees of companies tied to the U.S. and Israel should abandon their workplaces: “This time, the equation will no longer be ‘an eye for an eye,’ just wait.”

Late Friday, Israeli authorities said Iran had launched missiles at the country that killed a 52-year-old man in Tel Aviv. Sirens alerted people to seek shelter in and around Tel Aviv, Jerusalem, Beer Sheba and areas near the country's main nuclear research center, which were targeted by Iranian strikes that injured dozens last weekend.

Elsewhere, Saudi Arabia’s Defense Ministry said it shot down missiles and drones targeting the capital, Riyadh. In Lebanon, the Health Ministry said two people were killed.

Kuwait said its Shuwaikh Port in Kuwait City and the Mubarak Al Kabeer Port to the north, which is under construction as part of China’s “Belt and Road” initiative. China has continued to purchase Iranian crude.

Speaking in Miami at an event sponsored by the Saudi sovereign wealth fund, Trump reiterated his desire for those two countries to normalize relations.

The president has been pressing the two biggest powers in the Middle East on that for years as part of his Abraham Accords efforts, and he said the time will be right when hostilities end with Iran.

“It’s now time,” he said. “We’ve now taken them out, and they are out bigly. We got to get into the Abraham Accords.”

Significant headwinds remain, including Saudi Arabia’s insistence that there needs to be a credible path to a Palestinian state before it normalizes commercial and diplomatic ties with Israel.

Word of the attacks on Iran came after Trump claimed that talks on ending the war were going “very well” and that he had given Tehran more time to reopen the Strait of Hormuz. Iran maintains that it has not engaged in any negotiations.

With stock markets reeling and economic fallout from the war extending far beyond the Middle East, Trump is under growing pressure to end Iran's chokehold on the strait.

Trump envoy Steve Witkoff said Washington delivered a 15-point “action list” to Iran for a possible ceasefire, using Pakistan as an intermediary. It proposes restricting Iran’s nuclear program and reopening the strait.

Iran rejected the offer and presented its own five-point proposal that included reparations and recognition of its sovereignty over the waterway.

Trump has said if that Iran doesn't reopen the strait to all traffic by April 6, he will order the destruction of Iran’s energy plants.

Diplomats from several countries including Pakistan and Turkey have tried to organize a direct meeting between U.S. and Iranian envoys. Separately, G7 foreign ministers meeting Friday in France formally asked for an immediate halt to attacks against populations and infrastructure.

U.S. ships drew closer to the region carrying some 2,500 Marines, and at least 1,000 paratroopers from the 82nd Airborne trained to land in hostile territory to secure key positions and airfields have been ordered to the Middle East.

Secretary of State Marco Rubio said the U.S. “can achieve all of our objectives without ground troops.” Following the G7 meeting, Rubio said the deployments are designed to ensure “maximum opportunity to adjust to contingencies should they emerge.”

Israel sent the 162nd Division into southern Lebanon to support efforts to protect its northern border towns from Hezbollah attacks and uproot the militant group, the military said.

Nineteen people have died in Israel, while four Israeli soldiers have been killed in Lebanon.

Authorities dais over 1,900 people have been killed in Iran. The U.N.’s International Organization for Migration said Friday that 82,000 civilian buildings in Iran, including hospitals and the homes of 180,000 people, are damaged.

At least 13 American troops have been killed, and four people in the occupied West Bank and 20 in Gulf Arab states have also died.

In Iraq, where Iranian-supported militia groups have entered the conflict, 80 members of the security forces have died.

There appeared to be a breakthrough as Tehran agreed to allow humanitarian aid and agricultural shipments through the Strait of Hormuz, accepting a request from the U.N. Ali Bahreini, the country’s ambassador to the United Nations in Geneva, said Iran agreed to “facilitate and expedite” such movement.

The vital waterway usually handles a fifth of the world’s oil shipments and nearly a third of the world’s fertilizer trade. While markets and governments have largely focused on blocked supplies of oil and natural gas, the restriction of fertilizer ingredients and trade threatens farming and food security around the world.

“This measure reflects Iran’s continued commitment to supporting humanitarian efforts and ensuring that essential aid reaches those in need without delay,” Bahreini said on the social platform X. The U.N. earlier announced a task force to address the ripple effects that the war has had on aid delivery.

Magdy reported from Cairo, Madhani from Washington and Gambrell from Dubai.

Displaced women reach out to receive an aid package distributed by a volunteer in Beirut, Lebanon, Friday, March 27, 2026. (AP Photo/Emilio Morenatti)

People donate money following a call by Grand Ayatollah Ali al-Sistani to support Iran and Lebanon during the war with the U.S. and Israel, Friday, March 27, 2026, in Babylon, Iraq. (AP Photo/Anmar Khalil)

Israeli first responders remove the body of a person from the site of a missile strike in Tel Aviv, Israel, early Saturday, March 28, 2026. (AP Photo/Maya Levin)

Residents look on as first responders work at the site of a missile strike in Tel Aviv, Israel, early Saturday, March 28, 2026. (AP Photo/Maya Levin)

An Israeli first responder walks from the site of a missile strike in Tel Aviv, Israel, early Saturday, March 28, 2026. (AP Photo/Maya Levin)