Story perspectives

U.S.-Israeli Strikes on Iran Ignite Global Oil Crisis

3/4/2026

Center

U.S.-Israel Airstrikes Escalate

The U.S.-Israeli air campaign against Iran escalated, with explosions in Tehran and Beirut and nearly 2,000 targets struck.
Iranian drones targeted U.S. embassies in Saudi Arabia and Kuwait, prompting evacuation of non-emergency personnel.
Global markets fell as oil prices surged and stocks tumbled.
Iran retaliated by striking energy infrastructure, including Saudi Arabia's Ras Tanura refinery, raising concerns.
The European Union monitors the situation to protect citizens and energy supply.

Left

Merz Engages Trump

Germany's Chancellor Friedrich Merz visited Washington to discuss Europe’s stake in the Iran conflict and stabilize relations with U.S. President Donald Trump.
Merz refrained from confronting Trump over the Iran war.
He focused on trade and the situation in Ukraine.
The conflict disrupted Gulf travel with more than 20,000 flight cancellations.

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U.S.-Israel Airstrikes Escalate

The U.S.-Israeli air campaign against Iran escalated, with explosions in Tehran and Beirut and nearly 2,000 targets struck.
Iranian drones targeted U.S. embassies in Saudi Arabia and Kuwait, prompting evacuation of non-emergency personnel.
Global markets fell as oil prices surged and stocks tumbled.
Iran retaliated by striking energy infrastructure, including Saudi Arabia's Ras Tanura refinery, raising concerns.
The European Union monitors the situation to protect citizens and energy supply.

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