Meanwhile, the Israeli military says it has launched a new “wave of strikes” across Tehran. “The IDF has begun an additional wave of strikes targeting military infrastructure belonging to the Iranian regime across Tehran,” the Israel Defense Forces says in a statement. Following the confirmed death of Supreme Leader Ali Khamenei in a targeted strike on February 28, joint US and Israeli forces have intensified “Operation Epic Fury”. Over 1,250 targets across Iran, including ballistic missile hubs, naval assets, and intelligence headquarters, have been struck as part of a campaign to dismantle Tehran’s nuclear and military infrastructure.
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As Tehran vows a “scorched earth” retaliation, the global economy remains in a state of high alert. While international gold prices saw a slight correction today from record highs, they remain elevated near $5,100 per ounce, reflecting deep market anxiety over the potential closure of the Strait of Hormuz.
What’s happening? 5 current developments
- Front line: Heavy explosions continue to rock government districts in Tehran. Reports from Iranian state media indicate that strikes in the port city of Minab have resulted in at least 165 casualties.
- Power vacuum: Following Khamenei’s death, President Masoud Pezeshkian has activated Article 111 of the Iranian Constitution, establishing a provisional Leadership Council to manage the transition.
- US involvement: President Donald Trump has defended the offensive as a “last chance” to ensure regional stability and prevent Iran from obtaining nuclear weapons. CENTCOM has confirmed the first American casualties during ongoing ground and air operations.
- Global fallout: France has mobilised Rafale jets to secure regional assets. In a significant blow to energy markets, Qatar has halted LNG production, and drone strikes have been reported on fuel infrastructure at Oman’s Duqm port.
- Economic alert: Oil transit through the Strait of Hormuz is at “extreme risk” as the IRGC-affiliated Tasnim news agency suggests the waterway may be closed to all commercial shipping.
In this rapidly evolving kinetic environment, The Indian Express Global Desk prioritises official military briefings from IDF and CENTCOM, corroborated by satellite intelligence. All casualty figures are attributed to specific reporting agencies. Given the fluid situation in Tehran and the Gulf, we advise readers to follow official government travel advisories.