The ongoing U.S.–Israel war with Iran entered a new phase this week as President Donald Trump said the conflict could end “very soon,” even as military strikes and retaliatory attacks continued across the Middle East.
The war began on Feb. 28, 2026, when the United States and Israel launched coordinated airstrikes on Iranian military, nuclear, and government sites across several cities. The initial strikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei and other senior officials, triggering retaliatory missile and drone attacks from Iran across the region.
Iran has targeted U.S. bases and allied countries in the Gulf while Israel and the United States have continued bombing Iranian military infrastructure. The conflict has expanded beyond traditional battlefields, affecting oil routes and regional security.
President Trump said in a recent interview that the war could soon reach its conclusion, claiming that extensive strikes had left “practically nothing left to target” in Iran’s military network.
Tensions between Iran, Israel, and the United States have been escalating for years due to disputes over Iran’s nuclear program and regional proxy conflicts. In recent years, the two sides exchanged missile strikes and cyberattacks before the current war erupted in early 2026.
The current conflict has already caused significant casualties and economic disruptions across the region, including volatility in global oil markets and attacks on military bases and energy infrastructure.
While the fighting is thousands of miles away, geopolitical tensions in the Middle East often affect global oil prices and energy markets, which can influence fuel costs and economic conditions in Alaska, a state closely tied to energy production.
Military operations continue across Iran and neighboring countries as leaders weigh whether the conflict will escalate further or move toward negotiations. Officials say the next phase of the war will likely depend on Iran’s response and ongoing diplomatic pressure from international allies.
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