Iran had reportedly agreed to give up enriched uranium.
Peace, he said, was “within reach.”
Today, the United States and Israel launched the largest joint military strike on Iran in history.
Here’s the full context:
The escalation traces back to 2024, when Israel eliminated senior Hamas and Hezbollah leaders and later carried out direct strikes on Iranian targets, reportedly crippling much of Iran’s air defense infrastructure.
In June 2025, the IAEA stated Iran had accumulated enough enriched uranium for up to nine nuclear warheads. One day later, Israel launched “Operation Rising Lion” — more than 200 aircraft striking over 100 targets. Mossad operatives reportedly sabotaged missile systems from inside Iran. Israeli forces quickly established air dominance.
On June 22, the US joined with bunker-buster strikes on hardened nuclear facilities. A ceasefire followed on June 24. Iran’s nuclear infrastructure, missile capabilities, and air defenses suffered severe damage.
The economic fallout was immediate.
The rial hit record lows.
Inflation reached 42%.
Food prices surged 72%.
Cooking oil prices doubled overnight.
Meanwhile, security spending rose 150%, while wage increases lagged far behind inflation.
By December 28, 2025, Tehran’s Grand Bazaar shut down in protest. Strikes spread nationwide — the largest unrest since 1979. Demonstrators called for sweeping political change.
On January 8, 2026, security forces moved aggressively. Reports indicate thousands were killed within days. Internet access was cut nationwide.
The US responded with a major military buildup across the region — aircraft carriers, destroyers, and expanded deployments. The EU formally designated the IRGC as a terrorist organization. Tensions escalated further after incidents in the Strait of Hormuz, including drone interceptions and naval confrontations. Oil prices jumped 7%.
Negotiations continued — until yesterday’s reported breakthrough.
Then February 28, 2026 happened.
The US launched “Operation Epic Fury.”
Israel called its campaign “Operation Roaring Lion.”
Strikes were reported in Tehran, Isfahan, Qom, Karaj, and Kermanshah. Satellite imagery showed widespread destruction. Civilian casualties were reported, though details remain contested.
Iran retaliated by targeting US bases across the Gulf region and launching missiles toward Israel. Air defenses were activated over multiple Gulf cities. Several countries temporarily closed their airspace.
One notable exception: Oman — the mediator that had announced peace just a day earlier.
Roughly 20% of global oil flows through the Strait of Hormuz. With tensions now centered there, energy markets face significant uncertainty. Analysts warn oil could move sharply higher if disruptions persist.
This moment could become one of the defining geopolitical flashpoints of the 21st century.
Markets are likely to open with heightened volatility. Energy, defense, crypto, and equities may all react sharply to further developments.
Stay informed. The next few days could be critical.
$BTC $NVDAon
$SOL #USIsraelStrikeIran #Geopolitics #OilMarkets #GlobalRisk #BreakingNews