Ships ablaze in the Middle East, new oil price jump
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TL;DR
- US-Israeli attacks on Iran began February 28th, resulting in the death of Ayatollah Ali Khamenei.
- Iran retaliated by targeting Israel and neighboring countries, as well as US military bases and infrastructure.
- A school in Iran was hit, killing 168 people, with the BBC attributing the attack to a US Tomahawk missile.
- Israel launched attacks on Lebanon targeting Hezbollah positions.
- A major refinery in Tehran was hit, causing significant air pollution.
- Mojtaba Khamenei, son of Ali Khamenei, was appointed new supreme leader but was later reported lightly wounded.
- Oil prices surpassed $100 per barrel for the first time since 2022, reaching $120 at one point.
- Iran planned to mine the Strait of Hormuz, but the US military claimed to have sunk 16 Iranian ships attempting to do so.
- At least 13 merchant ships have been hit in and around the Strait of Hormuz since February 28th.
- The International Energy Agency released 400 million barrels of oil from reserves to stabilize the market.
- Spain recalled its ambassador from Israel.
- Iran will not participate in the upcoming World Cup.
- Over 1,300 people have been killed in Iran since the attacks began, with hundreds dead in Lebanon.
- US intelligence suggests the Iranian leadership is largely intact and not in immediate danger of collapse.
- US Secretary of Defense Pete Hegset stated that US and Israeli attacks are 'very effective' against Iran.