Iran Intensifies Economic Assault in Response to U.S.-Israeli Strikes

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Iran has intensified attacks on economic and diplomatic targets across the Middle East in retaliation for recent U.S. and Israeli strikes, escalating a conflict that has already rattled global markets and heightened fears of wider war.

Officials and witnesses reported drone, and missile strikes on oil facilities and U.S. missions in Gulf states, while Israel expanded its bombardment of Iranian positions and pushed deeper into southern Lebanon against Hezbollah fighters. The violence comes days after U.S. and Israeli operations killed much of Iran’s senior leadership, including Supreme Leader Ayatollah Ali Khamenei, triggering a wave of reprisals.

Public reaction has been divided. In Iran, government supporters framed the attacks as a show of defiance, while critics warned that targeting economic infrastructure could deepen hardship for ordinary citizens. Across the region, many expressed alarm at the strikes on embassies and oil facilities, fearing disruption to trade and energy supplies. Online, voices from the Gulf and beyond condemned the escalation, urging restraint to avoid a broader regional war.

Analysts say the conflict underscores the vulnerability of Middle Eastern economies to geopolitical shocks. Oil prices surged and shipping routes through the Strait of Hormuz faced renewed scrutiny, with China and other nations calling for stability in the vital corridor.

The crisis has become both a military confrontation and an economic struggle, with Iran’s retaliatory strikes aimed at undermining regional stability while Washington and its allies press for containment. Observers warn that without de‑escalation, the fallout could reverberate far beyond the Middle East.

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