US-Israel Military Campaign Against Iran
Analysis based on 6 articles · First reported Mar 18, 2026 · Last updated Mar 20, 2026
The ongoing conflict in Iran, including US-Israel military actions and the degradation of Iran's government, has significantly shaken energy and stock markets. The potential closure of the Strait of Hormuz by Iran, a major global shipping route for oil and gas, poses a severe threat to global energy supply and prices.
The event centers around the ongoing 'Operation Epic Fury,' a US-Israel military campaign against Iran, now in its third week. US Director of National Intelligence Tulsi Gabbard testified before the Senate Intelligence Committee, stating that Iran's government has been degraded but remains capable of attacking US and allied interests. She confirmed that Iran's nuclear enrichment program was obliterated in June strikes but noted Iran's efforts to recover from infrastructure damage. The conflict has led to the resignation of Joe Kent, head of the National Counterterrorism Center, who cited his opposition to the war and claimed it was initiated due to pressure from Israel. Lawmakers, including both Republicans and Democrats, have expressed concerns about the administration's lack of transparency regarding the war, which has cost US taxpayers billions and disrupted millions of lives. Questions also surround what President Donald Trump was told before deciding to strike Iran, with intelligence reports suggesting he was warned of potential retaliation and the possibility of Iran closing the Strait of Hormuz.
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