Intense Airstrikes Intensify US-Iran-Israeli Conflict Amidst Economic Uncertainty

The United States and Israel launched intense airstrikes on Iran, escalating tensions despite expectations of a quick resolution by President Trump. Iran's Revolutionary Guards threatened to halt oil shipments, impacting global markets. Meanwhile, Iran appointed a new hardliner leader, refusing US demands to select its leadership.

In a dramatic escalation of conflict, the United States and Israel carried out powerful airstrikes on Iran, with both Pentagon sources and local Iranians describing the bombardment as the most intense of the ongoing war.

The heightened military activity has spurred economic concerns, particularly after Iran's Revolutionary Guards declared they would block all oil shipments from the Gulf unless the attacks cease, further destabilizing the global economy.

President Trump, who described the war as "very complete," hinted at a potential resolution soon, quelling some market fears. However, tensions remain high as Iran resolutely refuses US demands to choose their new leadership, instead appointing the hardliner Mojtaba Khamenei as supreme leader.

(With inputs from agencies.)