The US and Israel launched strikes on Iranian targets, escalating Middle East tensions into a conflict that threatens oil-rich Gulf economies. President Trump called for regime change in Tehran as military action spreads across the region.

Mona Yacoubian of the Center for Strategic and International Studies described the situation as a 'nightmare scenario' for Gulf states during a discussion with Bloomberg analysts. The attacks risk destabilizing energy markets already sensitive to Middle East conflicts.

With Iran's strategic position near vital oil shipping routes, the strikes could trigger price spikes and economic disruption across the region. The conflict threatens to spill beyond military targets into broader economic warfare.