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The conflict between the United States, Israel, and Iran continues

To intensify as both sides escalate military actions. Rising tensions are already impacting global markets, pushing oil and precious metals higher.
Written by
Bullwaves
Published on
March 5, 2026

The conflict involving the United States, Israel, and Iran has entered its sixth day with no signs of slowing down. Iranian officials announced that retaliation against recent American strikes will intensify, raising concerns that the confrontation could expand further across the Middle East.

Several countries across the Persian Gulf reported intercepting Iranian missiles and drones overnight. Meanwhile, Israeli forces have continued large-scale airstrikes on Tehran, targeting military and intelligence infrastructure. These operations follow previous attacks against Hezbollah forces in Lebanon, an armed group backed by Iran.

US President Donald Trump stated that American forces are performing strongly in the conflict. According to the White House, more than 2,000 targets have been struck so far. Officials also claimed that US forces are moving toward gaining full control of Iranian airspace, describing the Iranian regime as being heavily weakened by the ongoing military operations.

Iran’s Islamic Revolutionary Guard Corps responded by warning that retaliatory strikes will increase in the coming days. Iranian officials have also threatened to target Israel’s Dimona nuclear facility if the United States attempts to pursue regime change in Tehran.

The conflict has now drawn in roughly a dozen countries. Iran has launched attacks against US bases and diplomatic facilities across the Middle East, while Israel has expanded operations against Hezbollah in Lebanon through both air and ground offensives.

Turkey also reported coming under attack during the conflict, marking the first time a NATO member has been targeted since the fighting began. So far, more than 1,100 people have been reported killed in Iran, with additional casualties across other parts of the region.

Financial markets have reacted strongly to the growing geopolitical risk. Brent crude oil has risen above $84 per barrel, marking a gain of about 16% since the conflict began. Gold and silver have also increased as investors seek safe-haven assets amid fears of a prolonged war.

Saudi Arabia reported intercepting several missiles and drones overnight as well. Most of the attacks were directed toward areas near Riyadh, including Al Kharj where a US military facility is located, as well as eastern regions that host the headquarters of Saudi Aramco.

In a significant military development, the United States sank an Iranian warship in international waters on Wednesday. It marked the first instance since World War II in which an American submarine destroyed a surface vessel. Around 32 sailors were rescued, while more than 100 others were reported missing or dead.

Iran strongly condemned the incident and warned that the United States would face consequences for what it described as an attack carried out without warning in international waters.

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