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Assassination of Khamenei Escalates US-Iran Conflict, Oil Surges

3/11/2026

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Story summary
  • The assassination of Supreme Leader Ayatollah Ali Khamenei (Iran) on February 28, 2026, intensifies the conflict between the US-Israel coalition and Iran.
  • Iran's resilient military doctrine allows it to continue operations despite heavy losses.
  • Iranian strikes hit US targets across nine Gulf states, driving Brent crude above $100 per barrel.