Business and Finance
Persian Gulf Developments</br></br>IRAQ ATTACKED ISRAEL AND SAUDI ARABIA with missiles, escalating the Persian Gulf war. Bush condemned the missile attacks and ordered a fresh wave of air strikes against Iraqi targets. The Iraqi missile attacks shattered an earlier air of optimism and indicated that some of Saddam Hussein's war machine had survived the initial U.S.-led aerial onslaught.</br></br>THE WORLD'S FINANCIAL AND COMMODITY MARKETS face a fresh shock after the Iraqi missile attacks. Oil prices, which plummeted after the war's first day, began rising after Israel was hit, while in Tokyo Friday stock prices gyrated. Before the Iraqi assault, stock and bond prices had soared world-wide.</br></br>U.S. COMMANDERS LEADING ground forces in the Persian Gulf are committed to fight and win on their own terms.</br></br>CNN IS HOPING TO CONVERT its strong performance in covering the Persian Gulf war into a long-term success.