The United States and Israel have launched fresh waves of strikes on Iranian targets as the conflict intensifies. Recent operations have targeted Iran’s naval assets, military infrastructure and air capabilities.

Reports indicate multiple Iranian naval vessels have been destroyed in coordinated operations, with US and Israeli forces also striking key military sites linked to Iran’s defence network.

The escalation follows weeks of sustained attacks since February 28, when both countries launched a major offensive against Iran’s military, nuclear and strategic infrastructure.

The conflict continues to widen, with repeated missile exchanges and growing regional fallout.

Iran War: US, Israel Launch Fresh Strikes On Iran, Naval Vessels And Aircraft Hit | WION

US President Donald Trump has warned that the United States could “completely obliterate” Iran’s key oil export hub, Kharg Island, if a deal to end the conflict is not reached soon. The threat is part of a broader ultimatum that includes possible strikes on Iran’s oil facilities, power plants and other critical infrastructure.

Kharg Island is a crucial node in Iran’s energy network, handling a significant share of the country’s crude exports.

Trump said negotiations are ongoing but warned of severe military escalation if talks fail, as tensions continue to rise across the region.

US-Iran War: Trump Threatens To “Obliterate” Iran’s Kharg Island If No Deal Reached | WION

G7 leaders and ministers have held another round of talks led by France, focusing on the worsening global fuel supply crisis triggered by the ongoing Iran conflict. The meeting comes amid rising oil prices and disruptions to energy flows, particularly through the Strait of Hormuz.

The group said it is ready to take “all necessary measures” to stabilise energy markets, including coordinated action with partners and potential use of strategic oil reserves.

Officials also warned against export restrictions on oil and gas, as concerns grow over inflation, supply shortages and wider economic fallout from the conflict.

Energy security remains the central issue, with global markets under pressure from supply disruptions and continued escalation in the Middle East.

US-Iran War: G7 Holds Fresh Paris Talks As Global Fuel Supply Crisis Deepens | WION

A report by The New York Times says a newly developed US Precision Strike Missile (PrSM) struck a sports hall and an adjacent elementary school in Lamerd, southern Iran, on February 28. The site is located near an Islamic Revolutionary Guard Corps (IRGC) facility.

Visual analysis and weapons experts cited in the report identified the missile as a PrSM, a short-range ballistic system designed to detonate above targets and disperse tungsten fragments.

Local officials reported that at least 21 people were killed in the Lamerd strike. Experts noted the damage pattern matched the missile’s fragmentation design, though it remains unclear whether the strike was deliberate or a targeting error.

The strike was part of the opening phase of the February 28 escalation between the US and Iran.

US-Iran War: US PrSM Missile Hit Another School Near IRGC Base In Iran’s Lamerd On 28th Feb: NYT

Reports indicate US forces used the combat-untested Precision Strike Missile (PrSM) during strikes on Iran on February 28, 2026, with1,2] a missile hitting civilian infrastructure, including a school and sports hall, near Lamerd. The Lockheed Martin-developed weapon is designed to replace ATACMS. 


US Forces Are Reportedly Using Untested PrSM Missile in Strikes Against Iran

US President Donald Trump has said American forces have taken out “many long sought-after targets” in Iran amid ongoing strikes.

In a statement, Trump called it a “big day”, saying the targets were “taken out and destroyed” by the US military.

The remarks come as the conflict intensifies, with continued US-led strikes on strategic sites across Iran and rising tensions across the region.

US-Iran War: Trump Says US Military Destroyed ‘Long-Sought’ Targets In Iran | WION

Global oil prices have surged past the $100 mark as the widening conflict in West Asia disrupts supply chains and fuels market uncertainty. Brent crude has climbed above $108–$110 per barrel, driven by fears of prolonged disruption to energy flows.

The escalation, including threats to key shipping routes and energy infrastructure, has raised concerns over tighter supply and rising inflation. Analysts warn that continued instability in the region could push prices even higher, intensifying pressure on global economies.

US-Iran War: Oil Surges Above $110 As West Asia War Disrupts Global Supply | WION

US President Donald Trump has said American forces could take Iran’s Kharg Island “very easily”, as Washington ramps up troop deployments across the Middle East.

The remarks come amid a growing US military buildup in the region, with additional forces being positioned as part of ongoing operations. Kharg Island is a key oil export hub for Iran, making it a critical strategic target.

Trump said the US has multiple options on the table, signalling potential escalation even as broader conflict dynamics continue to evolve.

US-Iran War: US Troop Surge In Middle East As Trump Says Iran’s Kharg Island “Easy” To Take

Investors are closely watching how quickly stability can return as the Iran war continues to drive global uncertainty. Markets remain volatile, with rising oil prices, inflation concerns and geopolitical risks shaping sentiment.

Recent data shows global financial markets under stress, with volatility spiking and investors turning risk-averse amid fears of prolonged conflict. Oil prices have surged above $110 per barrel, adding to inflationary pressures and economic uncertainty.

The key question for markets this week remains whether tensions ease or the conflict deepens, with no clear resolution yet in sight.

US-Iran War: Global Uncertainty Keeps Investors On Edge As Iran War Dominates Outlook | WION

The widening conflict across the Middle East is raising fresh concerns over global trade routes. With Yemen’s Houthis entering the war and targeting Israel, key maritime corridors from the Red Sea to the Gulf are under threat.

The escalation has intensified fears over disruptions to shipping lanes, energy supplies and global commerce, as strategic waterways face growing security risks.

US-Iran War: Global Trade Routes Under Fire | World Business Watch

Rising oil prices are fuelling concerns of a potential US recession, with historical trends pointing to a worrying pattern. A Goldman Sachs analysis shows that nearly every major spike in oil prices has been followed by an economic downturn.

The research suggests that 2026 could join that list, as surging energy costs driven by ongoing conflict put pressure on inflation, growth and consumer demand. Markets are now closely watching whether the latest oil shock will once again tip the US economy into recession.

US-Iran War: History Shows Every Oil Spike Caused Recession | World Business Watch

US President Donald Trump has said American forces have destroyed “high-value” and “long sought-after” targets in Iran amid ongoing military operations.

Trump said the strikes hit key strategic sites, as US and allied forces continue their campaign across Iranian territory. According to US Central Command, thousands of targets have been struck since the conflict began.

The remarks come as the war intensifies, with continued strikes on military infrastructure and rising tensions across the region.


US-Iran War: Trump Says US Military Destroyed “High-Value” Targets In Iran | WION

Parts of Tehran have been hit by power cuts after strikes targeted key energy infrastructure, according to Iranian authorities. The outages affected multiple areas, with officials saying efforts are underway to restore electricity.

Meanwhile, a university in Isfahan has reportedly been struck again amid the ongoing conflict. The repeated targeting of infrastructure and academic sites highlights the widening scope of attacks across Iran.

The developments come as strikes continue to hit critical facilities, raising concerns over civilian impact and further escalation.

US-Iran War: Tehran Hit By Power Cuts As Strikes Target Energy Sites, Isfahan University Hit Again

Pakistan has said it is ready to host talks between the United States and Iran as part of efforts to end the ongoing conflict. Officials stated Islamabad would be “honoured” to facilitate negotiations in the coming days, though participation from both sides remains unconfirmed.

The announcement came as top diplomats from Saudi Arabia, Turkey and Egypt gathered in Islamabad for high-level discussions focused on de-escalation and a possible diplomatic pathway forward.

Talks have centred on reducing tensions, reopening key trade routes like the Strait of Hormuz, and exploring options for direct or indirect dialogue between Washington and Tehran.

US-Iran War: Pakistan Offers To Host US-Iran Talks As Top Regional Diplomats Meet | WION

U.S. President Donald Trump has openly floated the idea of seizing Iran’s oil exports and considering taking control of Kharg Island, the strategic Persian Gulf hub through which the vast majority of Iranian crude is shipped. These statements come as tensions between Washington and Tehran escalate, with global energy markets on edge.

US vs Iran: Trump Hints at Seizing Iran’s Oil and Kharg Island Amid Iran Conflict

US vs Iran: Trump Floats Seizing Iran Oil Exports, Considers Taking Kharg Island

The United States has deployed additional troops – including thousands of Marines – to West Asia amid rising tensions in the Middle East. This buildup comes as Iran’s parliamentary speaker accuses the U.S. of secretly planning a ground invasion despite public calls for diplomacy.

US-Iran War: US Deploys More Troops to West Asia | Iran Says US Plans Ground Attack

Israeli military vehicles and troops have been spotted near the Lebanon border as Israel moves to expand its “security buffer zone.” The development follows orders from Benjamin Netanyahu to widen the zone in southern Lebanon.

The move is aimed at pushing back threats from Hezbollah and reducing risks along Israel’s northern frontier. The expansion comes amid ongoing clashes and heightened military activity in the border region.

US-Iran War: Israeli Military Vehicles Spotted At Lebanon Border Amid 'Buffer Zone' Push

The International Atomic Energy Agency has said Iran’s Khondab heavy water production plant is no longer operational after sustaining severe damage.

The UN watchdog confirmed the facility was hit and is now inoperable based on satellite analysis. It also stated that there was no declared nuclear material at the site.

Iranian media have reported that there is no radiation risk following the strikes, as the installation did not contain nuclear material.

Iran-US War: IAEA Says Iran Heavy Water Plant Inoperable After Severe Damage | WION

Iran has issued a strong warning in response to reports the U.S. may be preparing ground operations amid the ongoing conflict. Iranian officials, including Parliament Speaker Mohammad Bagher Qalibaf, said Tehran’s forces are “waiting for American troops to enter” and will respond forcefully, rejecting any attempt at humiliation and signaling an escalation if boots hit Iranian soil.

US-Iran War: Iran Vows Fierce Response If U.S. Launches Ground Operations 

Saudi Arabia has intercepted multiple ballistic missiles targeting its Eastern Province, according to official statements. Air defence systems were activated as the projectiles approached key areas.

The incident comes amid escalating regional tensions, with repeated missile and drone attacks targeting Saudi territory in recent days. Authorities have said the threats were neutralised before impact, with no immediate reports of casualties.


Iran-US War: Saudi Arabia Intercepts Ballistic Missiles Targeting Eastern Province | Breaking

Lebanon is mourning the killing of journalist Ali Shoeib. Israel has claimed that the Al-Manar TV reporter was affiliated with Hezbollah, but has not provided evidence to support the allegation. The incident has drawn attention amid ongoing hostilities between Israel and Hezbollah.

US-Iran War: Lebanon Mourns Journalist Killed As Israel Claims Hezbollah Link Without Proof | WION

Israel is bracing for further attacks after Yemen’s Iran-backed Houthis entered the conflict. The group has launched missile and drone strikes targeting Israel, marking a significant escalation in the ongoing regional war. The Houthis have said their operations will continue in response to attacks across Iran and allied regions. Israeli forces remain on alert as the conflict widens into a multi-front confrontation.

US-Iran War: Houthis Enter War As Israel Braces For Fresh Attacks From Yemen | WION

The Government of India has issued an update on energy supplies, stating that petrol pumps across the country have sufficient fuel availability. The government sought to reassure the public amid concerns over supply disruptions.


US-Iran War: India Govt Says Petrol Pumps Have Sufficient Fuel Supplies Nationwide | WION

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