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Global Markets Brace for Impact as US-Israeli Strikes on Iran Spark Widespread Concern

Global markets react with concern as U.S.-Israeli strikes on Iran trigger widespread international condemnation and fears of a wider regional conflict.

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US and Israel Launch Major Attack on Iran; Khamenei’s Fate Uncertain Amid Retaliation

WorldMiddle EastUS and Israel Launch Major Attack on Iran; Khamenei's Fate Uncertain Amid Retaliation

The United States and Israel have launched a significant military operation against Iran, prompting retaliatory actions from Tehran. The condition of Iran’s Supreme Leader, Ayatollah Ali Khamenei, is reportedly in question following the strikes, with conflicting reports emerging from various sources. The situation remains volatile as regional tensions escalate.

The “Operation Epic Fury,” as dubbed by the US military, commenced with coordinated strikes by the US and Israel. In response, Iran has launched retaliatory attacks, targeting US bases in the region, including those in Bahrain and Jordan, and causing damage to Kuwait International Airport. The extent of the damage and casualties on both sides is still being assessed.

Israeli Prime Minister Benjamin Netanyahu stated that there are “many signs” indicating that Iran’s Supreme Leader, Ayatollah Ali Khamenei, is “no longer with us.” However, an Iranian government spokesperson asserted that the Supreme Leader and the President are “safe and sound.” CNN analysts noted that Khamenei’s succession is not clearly defined, and his potential death could lead to a significant power vacuum and instability within Iran.

Former US Vice President Kamala Harris condemned the strikes, emphasizing the need for congressional approval. Meanwhile, President Donald Trump suggested multiple endgame scenarios for the conflict, including a long-term effort to “take over” Iran. International bodies like the UN and governments in Europe, Russia, and Qatar have called for restraint and a de-escalation of the conflict. Several Latin American nations have also voiced concerns, with varying degrees of support or opposition to the US actions.

US Central Command reported no American combat-related casualties and minimal damage to US facilities. The operation, “Operation Epic Fury,” targeted Iran’s security apparatus, including IRGC command and control facilities, air defense systems, and military airfields. The US military also utilized one-way attack drones for the first time in combat during these operations.

Reports from Iran indicate significant damage in various provinces, with Iranian state media citing over 200 fatalities and hundreds injured. The conflict has also led to airspace closures in Iran, Israel, and Iraq, causing widespread flight cancellations. US embassies across the Middle East have issued shelter-in-place warnings for American citizens.

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