What's Happening
The United States and Israel have initiated significant military strikes against Iran, targeting key installations. President Trump announced the operation, citing Iran's continued pursuit of nuclear weapons. Explosions have been reported across the Middle East, with increased military presence in the region.
Market Impact
Defense stocks are expected to rise due to increased military activity, while Bitcoin has seen a sharp decline, reflecting market volatility. Oil prices may also be affected as tensions escalate in the Middle East.
Broader Implications
This escalation could further strain U.S.-Iran relations and impact global diplomatic efforts in the region. The involvement of Israel adds complexity to the geopolitical landscape.