U.S.-Iran conflict escalates — Strait of Hormuz blockade pushes oil past $120/barrel | Pentagon identifies 7th American KIA | Global markets in freefall
War, Oil & a World Holding Its Breath:
The U.S.–Iran Crisis Explained
U.S. – Iran Conflict Coverage
It has been nearly two weeks since the world changed. On February 28, the United States and Israel launched coordinated military strikes against Iran, setting off a conflict that has rattled global markets, divided allied nations, and left ordinary people — from Tehran to Tokyo — wondering what comes next.
"What began as a targeted military operation has quickly grown into something far messier, far more painful, and far harder to contain than anyone in Washington may have anticipated."
President Donald Trump, speaking to reporters this week, insisted the war is going "very far ahead of schedule" and suggested it could end "soon." But on the ground, the picture looks anything but simple. Iran continues to block the Strait of Hormuz — a narrow but vital waterway through which roughly one-fifth of the world's oil flows every single day.
The blockade has sent crude oil prices surging toward $120 a barrel, triggering financial panic from Wall Street to the stock exchanges of Asia. Japan's Nikkei index plunged more than five percent in a single session. Airlines have already begun raising ticket prices. Greece has capped profit margins on fuel and groceries to stop retailers from exploiting the crisis.
🌍 European Reactions
Italian PM Giorgia Meloni voiced fierce condemnation of strikes that struck a girls' school in Iran, calling it a massacre of children. French President Emmanuel Macron visited Cyprus after Iranian-linked drone attacks struck a British military base there, declaring that an attack on Cyprus is an attack on all of Europe.
The human cost is where words start to fail. A U.S. military assessment suggests that an American Tomahawk cruise missile may have been responsible for at least 165 deaths at a girls' school in Iran. The incident has drawn devastating condemnation from world leaders and pushed public opinion firmly against the war.
For American families, the grief is far closer to home. The Pentagon this week identified the seventh American service member killed as Sgt. Benjamin N. Pennington, 26, of Glendale, Kentucky — killed by wounds sustained during an enemy attack at Prince Sultan Air Base in Saudi Arabia. He was twenty-six years old. He had a name, a hometown, and people who loved him.
A new NPR/PBS News/Marist poll found that a majority of Americans now oppose U.S. involvement in the war with Iran. That number will almost certainly grow as fuel bills rise and flag-draped coffins continue to come home.
There are no easy endings in sight. Iran has named a new Supreme Leader and shows no appetite for negotiation. Israel says its operation will continue without a time limit. And the rest of the world — allies and adversaries alike — watches and waits with a collective, anxious breath. The fires in Tehran are visible from space. The tremors are felt everywhere else.
— Deepika Lama covers geopolitics and world affairs for
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