$NVIDIA (NVDA.US)$ Iran has said that its barrage on Israel ...

$NVIDIA (NVDA.US)$ Iran has said that its barrage on Israel -- its largest ever on the country -- is over, but warned it would resume the attack if there are further provocations.

Meanwhile, Israel could launch a "significant" response in the coming days that may target oil output facilities inside Iran and other strategic sites, according to US news website Axios.

Israeli Prime Minister Benjamin Netanyahu has promised a retaliation to Tehran's airstrikes, saying in a statement on Tuesday that Iran "made a big mistake" and "will pay for it."

The US has also said there will be "severe consequences" for Tehran's actions, with Defense Secretary Lloyd Austin adding that Washington is "well-postured" to defend its interests in the Middle East.

Iran's assault was sparked by recent attacks by Israel on Lebanon-based Hezbollah as well as the ongoing war in Gaza, Tehran said. The US, the United Nations and European Union have called for a ceasefire in Lebanon, but fighting continued there early on Wednesday