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US-Israel Strike Iran as Trump Calls for Regime Change

Bloomberg Markets •
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The United States and Israel launched military strikes across Iran on February 28, 2026, targeting strategic locations in a coordinated offensive. President Donald Trump simultaneously urged Iranian citizens to overthrow their government, escalating tensions in the oil-rich Middle East. The offensive marks a dramatic escalation in regional hostilities.

Military operations began early morning local time, with reports of airstrikes hitting military installations and infrastructure across multiple Iranian provinces. The strikes come amid longstanding tensions over Iran's nuclear program and regional influence. Israel's involvement signals a significant shift in its traditionally covert operations against Iranian targets.

The conflict threatens to disrupt global oil markets, with Iran being a major petroleum producer. Energy traders are already bracing for potential supply disruptions through the Strait of Hormuz, a critical shipping lane for Middle Eastern oil exports. The offensive could trigger retaliatory cyberattacks or proxy attacks on US and Israeli interests throughout the region.