President Donald Trump warned Iran in a Truth Social post to cease retaliatory attacks on U.S. allies in the Middle East, citing threats targeting the UAE, Bahrain, Qatar, and Kuwait. Despite the death of Supreme Leader Ayatollah Ali Khamenei, Iran’s military remains operational, launching strikes on Dubai International Airport and the Burj Khalifa, prompting Gulf nations to suspend flights and close airports.

Analysts warn the Strait of Hormuz is now "practically closed," disrupting 20% of global LNG exports and 90% of Japan’s energy imports. RBC Capital Markets predicts oil and LNG prices will surge as tensions escalate, with no immediate resolution in sight. Trump’s vow to use unprecedented force against Iran underscores the risk of further destabilization.