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Reading: One week on, U.S.-Israeli strikes on Iran proceed
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Stock Market

One week on, U.S.-Israeli strikes on Iran proceed

Editor
Last updated: March 7, 2026 8:12 am
Editor
Published: March 7, 2026
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One week on, U.S.-Israeli strikes on Iran proceed


Smoke and fireplace rise from the positioning of airstrikes at Mehrabad Worldwide Airport in Tehran on March 7, 2026. (Photograph by ATTA KENARE / AFP by way of Getty Photographs)

Atta Kenare | Afp | Getty Photographs

U.S. and Israeli airstrikes on Iran continued on Saturday, one week after they launched their joint marketing campaign to rid Tehran of its nuclear and ballistic missile capabilities whereas additionally pushing for regime change.

Tehran’s energy-rich neighbors within the Gulf stated they intercepted extra missiles and drones headed for his or her airspace from Iran because the nation’s president reportedly apologized for the assaults.

“U.S. forces have struck over 3,000 targets within the first week of Operation Epic Fury, and we’re not slowing down,” U.S. Central Command stated in a submit on X.

President Donald Trump on Friday demanded unconditional give up from Iran, elevating fears of a chronic battle that might wreak havoc on the worldwide oil and gasoline market. The battle has already introduced site visitors within the Strait of Hormuz, a crucial delivery route for vitality provides, to a close to standstill.

Israel’s navy stated “one other wave of assaults in Tehran has been accomplished”.

“Inside the framework of those assaults, Air Pressure fighter jets launched roughly 230 munitions towards a number of navy websites of the regime,” the Israel Protection Forces stated in a Farsi submit on X.

The targets included the Central Army College of the Islamic Revolutionary Guard Corps, a missile storage website and an underground website for storing and producing ballistic missiles, the IDF stated.

The strikes concerned greater than 80 Israeli fighter jets, the IDF stated in a separate submit.

“These strikes degrade the Iranian regime’s capacity to fireplace at Israeli civilians,” the IDF stated.

Gulf area beneath risk

Nations within the area stated they launched air defenses to fend off Iranian assaults.

Saudi Arabia’s Ministry of Protection reported the “interception and destruction of a drone east of Riyadh metropolis”.

The United Arab Emirates, Saudi Arabia’s neighbor to the north, stated its air defenses responded to “incoming missile and drone threats from Iran.”

“The [Ministry of Defense] asserts that the sounds heard are the results of the Air Defence methods intercepting missiles and drones,” the UAE stated.

The nation’s greatest metropolis, Dubai, issued an alert urging residents to hunt instant shelter in safe buildings and avoid home windows, doorways and open areas.

Dubai-based airline Emirates stated it suspended all flights to and from the town.

Iran’s president Masoud Pezeshkian reportedly stated the U.S.’ demand for an unconditional give up is a “dream that they need to take to their grave”.

Pezeshkian made the assertion in a prerecorded tackle aired by state tv, The Related Press reported.

He additionally apologized for Iran’s assaults on regional international locations, insisting that Tehran would halt them and prompt miscommunication within the ranks prompted them, the AP stated.

U.S. crude oil on Friday posted its greatest weekly achieve in futures buying and selling historical past, because the escalating battle within the Center East has triggered a serious disruption to international gasoline provides.

U.S. crude soared 35.63% for the most important weekly achieve within the historical past of the futures contract relationship again to 1983. Brent jumped about 28% for its greatest weekly achieve since April 2020.

West Texas Intermediate futures surged 12.21%, or $9.89, to shut at $90.90 per barrel. International benchmark Brent rallied 8.52%, or $7.28, to settle at $92.69 per barrel.

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