US and Israel continue their military campaign against Iran, with high casualties, Khamenei assassinated, and global oil markets impacted. Stay updated on Day 8 of the conflict.
The United States and Israel started, on Saturday, February 28, a massive military operation against Iran, initiated under the codenames Operation Epic Fury by the US and Operation Roaring Lion by Israel, targeting key Iranian leadership, nuclear facilities, ballistic missile sites, and military infrastructure.
The strikes came after stalled diplomatic negotiations over Iran’s uranium enrichment program and missile capabilities.
Iranian Supreme Leader Ayatollah Ali Khamenei was assassinated in the initial barrage, along with several high-ranking officials, including Defense Minister Amir Nasirzadeh and Revolutionary Guards commander Mohammed Pakpour.
In response, Iran has launched retaliatory barrages under “Operation True Promise IV,” targeting Israeli cities and US bases in Bahrain, Kuwait, Qatar, and the UAE.
Casualties have mounted rapidly, with Iranian deaths exceeding 1,300, including civilians, while Israel reports 11 fatalities and the US confirms losses among its soldiers.
The assassination of Khamenei has led to the formation of an Interim Leadership Council in Iran, with President Masoud Pezeshkian indicating openness to mediation but insisting on addressing the aggressors.
Economically, the conflict has triggered immediate global repercussions. The closure of the Strait of Hormuz by Iranian forces has disrupted 34% of seaborne oil trade and 30% of liquefied natural gas exports, causing oil prices to surge to $87 per barrel and exacerbating energy market volatility.
Airlines have suspended flights to Iran and affected Gulf regions, while attacks on commercial shipping have heightened insurance costs and disrupted global supply chains.