US-Israel Launch Major Attack on Iran; Iran Retaliates
Analysis based on 93 articles · First reported Feb 28, 2026 · Last updated Feb 28, 2026
The military conflict between the United States, Israel, and Iran, along with retaliatory strikes, will significantly increase geopolitical risk premiums across global markets. Oil prices are expected to surge due to potential disruptions in the Strait of Hormuz, a critical shipping lane, while defense stocks may see a boost. Investor sentiment will likely turn negative, leading to a flight to safety assets.
The United States and Israel launched a major, coordinated military attack on Iran, targeting military, government, and intelligence sites, including areas near Supreme Leader Ali Khamenei's office. US President Donald Trump called for the Iranian people to overthrow their government, citing Iran's nuclear program and historical grievances. In retaliation, Iran's Iran===Islamic Revolutionary Guard Corps launched drones and missiles targeting Israel and US military installations in Bahrain, Kuwait, and Qatar. The conflict has led to airspace closures in Iraq and the United Arab Emirates, and sirens sounding in Jordan. The Iranian-backed Houthis in Yemen have vowed to resume attacks on Red Sea shipping and Israel, further escalating regional tensions. Casualties have been reported in Iran, Syria, and the UAE. The Strait of Hormuz, a vital oil shipping route, is at risk of disruption, which could have significant global market implications.
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