Israel, Iran Trade Strikes Amid Fears of Wider War

Israel launched a series of airstrikes on Iranian nuclear and military sites, specifically targeting facilities at Natanz, Fordow, and Isfahan, and killing several top Iranian military commanders. In response, Iran retaliated with an operation called 'Severe Punishment,' firing dozens to hundreds of ballistic missiles at Israel; most were intercepted, but some caused property damage in cities like Tel Aviv and Jerusalem. The confrontation marks the most intense escalation between the two countries in decades and has prompted international calls for restraint amid fears of a broader regional conflict. The United States assisted Israel in intercepting Iranian missiles and reiterated Israel's right to self-defense. Analysts warn that the conflict may prompt Iran to accelerate its nuclear program and abandon diplomatic engagement with the West. Financial markets have reacted with increased volatility, including spikes in oil and gold prices and declines in global equities.