INTERACTIVE: How the war on Iran is reshaping the Middle East and beyond
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The US and Israel launched joint strikes on Iran, killing senior figures and prompting a barrage of missiles and drone strikes in response. The conflict has widened to include Lebanon and has had a significant global economic impact, particularly on oil and gas markets.
The US and Israel launched joint strikes on Iran on February 28, killing senior figures including Supreme Leader Ali Khamenei. Iran responded with missile and drone strikes on US bases and critical infrastructure. A temporary ceasefire was brokered by Pakistan, but Israel has continued to carry out strikes in Lebanon. The conflict has resulted in significant economic losses, with estimated damages of over $800 million. The closure of the Strait of Hormuz has also had a major impact on global oil and gas markets, with prices rising sharply. The global financial system could face a downturn if the blockade continues.
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