Israel Missile-Defense Test Sends Signal, Rattles Markets

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Israel signaled its ability to defend itself with a missile-defense test over the Mediterranean Sea today that briefly rattled stock and oil markets on edge over prospects for a U.S. attack on Syria.

As the Obama administration presses Congress to authorize a military strike against Bashar al-Assad’s regime, Israel conducted what it called a joint test with the U.S. of its Arrow Ballistic Missile Defense system. The Israeli Defense Ministry called it a success.