Iran-Israel-US Middle East Conflict Escalates
Analysis based on 7 articles · First reported Mar 13, 2026 · Last updated Mar 13, 2026
The ongoing conflict between Iran, Israel, and the United States has severely shaken financial markets, primarily by driving oil prices up by 9% to $100 a barrel due to threats of closing the Strait of Hormuz. This surge in oil prices has led to a significant drop in US stocks, with the S&P 500 experiencing its biggest three-day percentage decline in a month, and also put pressure on Asian shares.
A two-week-long military conflict is escalating in the Middle East, primarily involving Iran, Israel, and the United States. New Iranian Supreme Leader Mojtaba Khamenei has vowed to keep the Strait of Hormuz shut and threatened US bases, while Israeli Prime Minister Benjamin Netanyahu has defended military assaults on Iran and issued threats against Mojtaba Khamenei. The United States, under President Donald Trump, is involved in airstrikes against Iran and has commented on the financial benefits of rising oil prices for the US. The conflict has resulted in thousands of deaths, particularly in Iran and Lebanon, and has seen tit-for-tat strikes, including Israeli airstrikes on Iran and Lebanon, and Iranian missile attacks on Israel and drone attacks in various Gulf countries. The Islamic Resistance in Iraq and the Islamic Revolutionary Guard Corps have also claimed responsibility for attacks on US assets. The war has caused significant disruption to global energy supplies, driving oil prices up and negatively impacting stock markets worldwide.
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