The United States and Israel launched 'Operation Epic Fury' on February 28th, initiating a broad military assault against Iran with over 1,000 strikes on targets including military bases, command centers, and nuclear facilities. The campaign has severely degraded Iran's military capabilities, neutralizing its navy, air force, missile, and communication infrastructure. In response, Iran retaliated with widespread missile and drone strikes against Israel, US bases in the Gulf (Bahrain, Qatar, Saudi Arabia, UAE, Jordan), and disrupted a major Qatari LNG terminal, though its missile and drone launches significantly decreased after the initial days. The conflict has ignited global concerns over Iran's nuclear ambitions, with enrichment levels reaching 60%, even as US intelligence suggests no immediate WMD development; the stated US objective is to ensure Iran never obtains a nuclear weapon. Economically, the war has driven up energy prices, with fears of a complete Strait of Hormuz closure risking the worst oil market disruption since the Russia-Ukraine war and imposing inflationary pressures. Regionally, Gulf states are reportedly uniting against Iran, while internally, the country faces a leadership transition following the death of Kamani, the formation of an interim council, and fears of a failed state, refugee crisis, and rising food prices. The US justified its actions as preemptive, citing an imminent threat of Iranian retaliation against American forces.