US and Israel Strike Iran: Khamenei Killed, Hormuz Closed

On 28 February 2026, the United States and Israel launched large-scale military strikes against Iran. The attack killed Iran’s supreme leader, Ali Khamenei, on the first day. Tehran quickly responded by targeting Israeli and US allies across the Gulf. Within days, the Strait of Hormuz—a narrow waterway that carries about 20% of the world’s oil—was effectively closed. This move cut off a key global shipping route, sending oil prices soaring. What began as a targeted strike has now become a regional war. The conflict has drawn in multiple Gulf states and disrupted global energy supplies. This timeline tracks every major attack and the corresponding change in oil prices, from the first strikes to the ongoing battle for Hormuz. The war’s economic impact is already visible worldwide. Fuel costs have risen sharply, affecting shipping, aviation, and consumer goods. Governments are now weighing responses as the conflict shows no sign of de-escalation.