The ongoing conflict between Iran and Israel has reached a dangerous new threshold as Iranian forces deployed long-range ballistic missiles for the first time, signaling a potential threat well beyond the Middle East region. Israeli military chief Eyal Zamir confirmed that Iran launched two missiles with a striking range of 4,000 kilometers, targeting the U.S.-UK base at Diego Garcia in the Indian Ocean. Zamir warned that these weapons could reach European capitals including Berlin, Paris, and Rome, dramatically raising the stakes of an already devastating war.
The conflict, which began on February 28 following joint U.S. and Israeli military operations against Iran, has claimed over 2,000 Iranian lives. Fifteen Israelis have also been killed. In one of the most alarming weekend developments, Iranian missiles struck the southern Israeli cities of Dimona and Arad, injuring dozens, including children. The strikes landed close to Israel's secretive nuclear reactor, located roughly 13 kilometers from Dimona, along with several key military installations in the area.
Meanwhile, U.S. President Donald Trump indicated Washington may be considering winding down its military involvement, citing progress toward its objectives. However, conflicting signals from his administration have left NATO allies uncertain and reluctant to join operations they were never consulted on.
The conflict has already triggered a severe global energy crisis. European natural gas prices surged up to 35% in a single week after Israeli strikes hit Iran's largest gas field. The Strait of Hormuz, which facilitates roughly one-fifth of the world's oil and liquefied natural gas shipments, remains effectively closed to most international shipping, threatening inflation worldwide.
Diplomatic fallout continues to spread, with Saudi Arabia expelling Iranian diplomats, and regional powers including India and Japan negotiating limited passage rights through the strait amid growing fears of prolonged economic disruption.


Iranian Missile Strike on UAE Oil Tankers Kills Indian Crew Member in Strait of Hormuz
HHS Watchdog Reports $5.56 Billion in Healthcare Fraud Recoveries as Enforcement Actions Decline
Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak
EU to Propose New Rules Limiting Children's Access to Social Media
UN Says Hamas Disrupted Gaza Aid Distribution, Group Denies Allegations
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index
Trump to Deliver National Address on Declassified 2020 Election Intelligence
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain
Trump to Deliver National Address on 2020 Election Intelligence, Voting Machine Security
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks
Trump ICC Sanctions Challenged as Advocacy Groups File Free Speech Lawsuit
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 



