US and Israeli Strikes on Iran Enter Second Week as Regional Casualties Mount

Since February 28, the US and Israel have conducted strikes on Iran, escalating into a regional war now in its second week. Casualties have been reported across multiple Middle Eastern countries, though AFP cannot independently verify all figures due to reporting restrictions. Iran's health ministry reported over 1,200 deaths as of Monday, with additional casualties in Iraq, Syria, Yemen, and Lebanon. The conflict has drawn in various state and non-state actors, including Hezbollah and Houthi forces, who have launched retaliatory attacks. International oil markets have spiked on supply disruption fears, and diplomatic channels remain largely inactive. The situation continues to evolve rapidly, with no ceasefire in sight.

Global Impact

Economic: Oil supply disruption from Iran and potential Strait of Hormuz closure could trigger a global recession, with crude above $120/bbl. Political: US and Israel face diplomatic isolation, while Russia and China gain influence as alternative mediators.