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U.S.-Israeli Conflict with Iran Escalates, Oil Prices Surge
3/8/2026
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Trump's Iran Strategy
- The U.S.-Israeli war against Iran escalated, with over 1,300 casualties reported in Iran, including the death of Supreme Leader Ayatollah Ali Khamenei.
- U.S. President Donald Trump said he wants to help select Iran's next leader, drawing parallels to U.S. actions in Venezuela.
- Global oil prices surged above $90 per barrel as markets reacted.
- The conflict prompted regional engagement, with strikes on Azerbaijan and Lebanon and calls for de-escalation from China.
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