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Daily Briefing: Trump signals prolonged military action on Iran

Good morning,

As the US–Israel and Iran conflict enters its fourth day, the crisis is sharpening on multiple fronts. On the battlefield, US Central Command confirmed three American service members were killed and five seriously wounded during “Operation Epic Fury,” marking a deadly escalation for US forces. Qatar has hinted at retaliation, warning that Iran “has a price to pay,” even as Israeli strikes intensified, with the military claiming it is targeting the “heart” of Tehran. In Iran, Ayatollah Alireza Arafi has assumed the Supreme Leader’s powers under Article 111 of the Constitution following Ayatollah Ali Khamenei’s killing. Markets are already jittery, gold has surged past $5,200 an ounce, while energy traders are watching the Strait of Hormuz, the chokepoint for roughly one-fifth of global oil flows. Read. 


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