The United States could face an economic impact of up to $210 billion as Operation Epic Fury intensifies tensions with Iran, according to leading budget analysts. President Donald Trump has indicated that the conflict may continue for at least four weeks, raising concerns about prolonged military spending and wider fallout for the US economy. Estimates by economist Kent Smetters of the Penn Wharton Budget Model suggest that the total cost of the Iran conflict could significantly strain federa
The United States could face an economic impact of up to $210 billion as Operation Epic Fury intensifies tensions with Iran, according to leading budget analysts. President Donald Trump has indicated that the conflict may continue for at least four weeks, raising concerns about prolonged military spending and wider fallout for the US economy. Estimates by economist Kent Smetters of the Penn Wharton Budget Model suggest that the total cost of the Iran conflict could significantly strain federa
Iranian President Masoud Pezeshkian strongly condemned what he described as a barbaric attack on a school in southern Iran on Saturday, following a series of strikes carried out by the United States and Israel that have intensified the ongoing conflict in the Middle East. In an official statement, Pezeshkian said the incident marked another dark chapter in what he called a pattern of aggression against the country, and warned that the violence could further destabilize the region. According to Iranian authorities, at least 63 people were killed in the attack, with dozens more injured, making it one of the deadliest incidents reported since the latest escalation began.
Israeli officials stated that the strikes were aimed at high-level targets connected to Iran’s leadership and military planning. A military spokesperson said multiple locations where senior Iranian figures had gathered were hit simultaneously, resulting in the elimination of individuals considered critical to the country’s campaign management and governance. The strikes were described as part of a broader effort to weaken Iran’s operational capabilities, though details about those killed were not immediately confirmed by independent sources.
The developments prompted urgent diplomatic activity at the United Nations, where the security council scheduled an emergency session in New York to address the growing crisis. Diplomats said the meeting was requested by several member states, including Russia and China, who described the strikes as an act of armed aggression and called for immediate international discussion. France, Bahrain, and Colombia also supported the request, reflecting widespread concern over the risk of a wider regional war.
United Nations Secretary-General Antonio Guterres is expected to address the council and has already urged all sides to halt military actions. In a statement issued earlier, he warned that continued use of force could undermine international peace and security and lead to severe consequences for civilians across the Middle East. Guterres called for an immediate ceasefire and a return to diplomatic negotiations, stressing that only dialogue could prevent the conflict from expanding further and threatening global stability.
Iranian President Masoud Pezeshkian strongly condemned what he described as a barbaric attack on a school in southern Iran on Saturday, following a series of strikes carried out by the United States and Israel that have intensified the ongoing conflict in the Middle East. In an official statement, Pezeshkian said the incident marked another dark chapter in what he called a pattern of aggression against the country, and warned that the violence could further destabilize the region. According to Iranian authorities, at least 63 people were killed in the attack, with dozens more injured, making it one of the deadliest incidents reported since the latest escalation began.
Israeli officials stated that the strikes were aimed at high-level targets connected to Iran’s leadership and military planning. A military spokesperson said multiple locations where senior Iranian figures had gathered were hit simultaneously, resulting in the elimination of individuals considered critical to the country’s campaign management and governance. The strikes were described as part of a broader effort to weaken Iran’s operational capabilities, though details about those killed were not immediately confirmed by independent sources.
The developments prompted urgent diplomatic activity at the United Nations, where the security council scheduled an emergency session in New York to address the growing crisis. Diplomats said the meeting was requested by several member states, including Russia and China, who described the strikes as an act of armed aggression and called for immediate international discussion. France, Bahrain, and Colombia also supported the request, reflecting widespread concern over the risk of a wider regional war.
United Nations Secretary-General Antonio Guterres is expected to address the council and has already urged all sides to halt military actions. In a statement issued earlier, he warned that continued use of force could undermine international peace and security and lead to severe consequences for civilians across the Middle East. Guterres called for an immediate ceasefire and a return to diplomatic negotiations, stressing that only dialogue could prevent the conflict from expanding further and threatening global stability.
India on Saturday, February 28, called on all parties involved in the escalating military confrontation across West Asia to exercise restraint and avoid further escalation, stressing that the safety of civilians must remain the highest priority. The Ministry of External Affairs said dialogue and diplomacy were essential to reduce tensions following the rapid spread of hostilities involving the United States, Israel and Iran. The ministry stated that sovereignty and territorial integrity of al
India on Saturday, February 28, called on all parties involved in the escalating military confrontation across West Asia to exercise restraint and avoid further escalation, stressing that the safety of civilians must remain the highest priority. The Ministry of External Affairs said dialogue and diplomacy were essential to reduce tensions following the rapid spread of hostilities involving the United States, Israel and Iran. The ministry stated that sovereignty and territorial integrity of al
Washington DC residents are on high alert following overnight airstrikes launched by the United States targeting Iranian nuclear sites. The federal government has described the action as necessary to neutralize a growing threat, but it has ignited deep concerns locally, with many worried about possible retaliation and the broader implications of a potential regional conflict.
The airstrikes mark a significant escalation in tensions with Iran, drawing sharp reactions both globally
Washington DC residents are on high alert following overnight airstrikes launched by the United States targeting Iranian nuclear sites. The federal government has described the action as necessary to neutralize a growing threat, but it has ignited deep concerns locally, with many worried about possible retaliation and the broader implications of a potential regional conflict.
The airstrikes mark a significant escalation in tensions with Iran, drawing sharp reactions both globally
Amid escalating tensions between Israel and Iran, over 1,500 Indian students, predominantly from Jammu and Kashmir, find themselves caught in the crossfire. The Indian government has announced efforts to relocate these students to safer areas within Iran as missile strikes and military retaliation continue unabated. This situation arises following Israel's surprise offensive, dubbed "Operation Rising Lion," which targeted Iran’s military co
Amid escalating tensions between Israel and Iran, over 1,500 Indian students, predominantly from Jammu and Kashmir, find themselves caught in the crossfire. The Indian government has announced efforts to relocate these students to safer areas within Iran as missile strikes and military retaliation continue unabated. This situation arises following Israel's surprise offensive, dubbed "Operation Rising Lion," which targeted Iran’s military co
