The war involving Iran is already sending major shockwaves through the global economy, mainly through energy markets, shipping routes, inflation, and financial markets. Here are the key ways the impact is spreading worldwide.

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Germany has not been specifically singled out as a target of Iranian retaliation so far. However, Iran has warned that any European country that participates in attacks against it could become a “legitimate target.” Germany could theoretically face risks if it were seen as directly involved.

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After being removed as U.S. Homeland Security secretary by Donald Trump, Kristi Noem publicly addressed her new position and thanked Trump for the opportunity to continue serving. What Noem said In statements and social media posts after the announcement, Noem said she was grateful to Trump for his leadership and trust and expressed support for his administration’s agenda. She said she looks forward to continuing the mission of strengthening security in the Western Hemisphere through her new diplomatic role.

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During the segment, Wallace and her panel criticized Noem’s tenure and argued that her removal reflected problems inside Trump’s administration. Wallace said Noem had been “so bad at her job,” pointing to controversies and political messaging around immigration enforcement and DHS operations.

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Iran has launched widespread missile and drone strikes across several Gulf states targeting U.S. military facilities and allied infrastructure in retaliation for recent U.S. and Israeli military strikes on Iranian territory. This marks one of the most serious direct confrontations between Iran and U.S./Israel in years.

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President Donald Trump publicly confirmed that Iran’s Supreme Leader, Ayatollah Ali Khamenei, was killed in the joint U.S.-Israeli military strikes. He described the attack as a moment of “justice” and said the death of Khamenei presents a chance for Iranians to reclaim their country.

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Iranian state television and state news agencies such as IRNA and Nour News confirmed that Ayatollah Ali Khamenei was killed in U.S.–Israeli airstrikes on Tehran. They described him as having attained “martyrdom” while carrying out his duties at his office. Iran declared a 40-day period of national mourning.


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Haviv Retting Gur, a Middle East analyst based in Jerusalem, noted that the strikes have created widespread fear and uncertainty — not just in Iran, but also in neighboring countries and within Israeli society itself. She said there’s a heightened sense of anxiety in Israel as Iranian retaliation unfolds and missiles threaten civilian areas. This psychological pressure is affecting everyday life and public confidence in safety.


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President Trump released a fresh video statement saying the U.S. and Israel will continue “major combat operations” in Iran, and he plans for the conflict to last weeks rather than days. He described the campaign in Iran as necessary to counter threats from the Iranian regime.

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who served as the U.S. National Security Adviser under President Donald Trump (2017–2018) and is now a commentator — said that Iran “drove past every off-ramp” before the strikes occurred. That phrasing suggests he believes that Iran rejected or forfeited diplomatic and de-escalatory options before the U.S. and Israel decided to launch attacks.

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