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    Headlines

    More strikes aimed at Iran after US, Israeli assault kills supreme leader

    Published by Global Banking & Finance Review®

    Posted on March 1, 2026

    6 min read

    Last updated: March 1, 2026

    More strikes aimed at Iran after US, Israeli assault kills supreme leader - Headlines news and analysis from Global Banking & Finance Review
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    Tags:FinanceBankingMarketsGeopoliticsMiddle East

    Quick Summary

    A joint U.S.–Israeli strike on February 28, 2026 killed Iran’s Supreme Leader Ayatollah Ali Khamenei, prompting renewed Israeli strikes targeting Iran’s air defenses and missile systems. The attacks triggered regional retaliation, civilian casualties, and heightened global concern about Middle East

    Israel says warplanes hit Tehran again after killing Khamenei, leadership council takes over

    Escalating Conflict and Regional Impact Following Khamenei's Death

    (Reinstates dropped word 'on' in paragraph 4)

    By Rami Ayyub, Alexander Cornwell, Nayera Abdallah and Maha El Dahan

    Israel's New Wave of Strikes and Air Dominance

    JERUSALEM/TELAVIV/DUBAI, March 1 (Reuters) - Israel launched a new wave of strikes on Tehran on Sunday, saying it aimed to dominate the skies after killing Iran's supreme leader and leaving the Islamic Republic grappling to rebuild its leadership amid its biggest test in five decades.

    U.S. and Israeli strikes -- and Iranian retaliation -- sent shockwaves through sectors from shipping to air travel to oil, amid warnings of rising energy costs and disruption to business in the Gulf, a strategic waterway and global trade hub. 

    Iran's Leadership Transition

    Iranian President Masoud Pezeshkian said a leadership council composed of himself, the judiciary head and a member of the powerful Guardians Council had temporarily assumed the duties of Supreme Leader following the death of Ayatollah Ali Khamenei.

    Military Escalation and Retaliation

    The U.S. military said it had sunk an Iranian ship, while Iran's Revolutionary Guards said they had launched an attack on the U.S. aircraft carrier Abraham Lincoln with four ballistic missiles, state media reported.

    Casualties and Regional Fallout

    In a sign of widening turmoil, Israel's ambulance service said nine people were killed by a missile strike in the town of Beit Shemesh, the United Arab Emirates said Iranian attacks killed three people and Kuwait reported one dead in Iranian raids.

    The Israeli military said that over the past day Israeli planes had conducted strikes to open the "path to Tehran", and the majority of aerial defence systems in western and central Iran had been dismantled. 

    It added: "Ali Khamenei was targeted in a precise, large-scale operation carried out by the Israeli Air Force, guided by accurate IDF intelligence, while he was in his central leadership compound in the heart of Tehran, where he was together with additional senior officials".

    Israeli military spokesperson Lieutenant Colonel Nadav Shoshani said many targets remained, including sites of military‑industrial production. "We have the capabilities and the targets to keep going on for as long as necessary," he said.

    Ground Forces Not Being Considered, Israel Says

    GROUND FORCES NOT BEING CONSIDERED, ISRAEL SAYS

    Asked if Israel was considering deploying ground forces, Shoshani said that was not under consideration even though U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have urged Iranians to seize a rare opportunity to topple their leaders.

    Reactions Inside Iran

    Hours after the U.S. and Israel said an air strike killed Khamenei, Iran's state media confirmed the 86-year-old leader had died. 

    Inside Iran, some grieved for Khamenei while others celebrated his death, exposing a deep fault line in a country stunned by the sudden demise of the man who ruled for decades.

    Thousands of Iranians were killed in a crackdown authorised by Khamenei against anti-government protests in January, the deadliest wave of unrest since the Islamic Revolution of 1979.

    Footage from Tehran showed mourners packed into a square, dressed in black and many of them weeping.

    But videos posted on social media also showed joy and defiance elsewhere, with people cheering as a statue was toppled in the city of Dehloran in Ilam province, dancing in the streets of Karaj city, near Tehran in Alborz province, and celebrating in the streets of Izeh in Khuzestan province. Reuters has verified the locations of these videos.

    Khamenei's Legacy and the Attack

    Khamenei, who built Iran into a powerful anti-U.S. force and spread its sway across the Middle East during his 36-year iron-fisted rule, was working in his office at the time of Saturday's attack, state media said. The raid also killed his daughter, grandchild, daughter-in-law and son-in-law.

    Two U.S. sources and a U.S. official familiar with the matter said Israel and the U.S. timed their attack on Saturday to coincide with a meeting Khamenei was holding with top aides.

    Experts said that while his death and those of other Iranian leaders would deal Iran a major blow, it would not necessarily spell the end of Iran's entrenched clerical rule or the sway of the elite Revolutionary Guards over the population.

    As supreme leader, Khamenei held ultimate power in Iran, acting as commander-in-chief of the armed forces and deciding on the direction of foreign policy, defined largely by confrontation with the United States and Israel.

    'Go Back to Your Senses', UAE Adviser Tells Iran

    'GO BACK TO YOUR SENSES', UAE ADVISER TELLS IRAN

    Russian President Vladimir Putin denounced Khamenei's death as a cynical murder and China's Foreign Minister Wang Yi described it as "blatant killing", while European Union foreign policy chief Kaja Kallas said the death of Khamenei was "a defining moment in Iran’s history".

    After Iran retaliated with airstrikes around the Gulf, Anwar Gargash, adviser to the president of U.S. ally and oil power the United Arab Emirates, urged Tehran to "go back to your senses", saying the war is not with Iran's Gulf Arab neighbours. The UAE has so far borne the brunt of Iran's retaliation.

    Trump warned on Sunday that the U.S. would hit Iran "with a force that has never been seen before" if it strikes back after the attacks on it.

    Iran Vows 'Terrifying Blows'

    IRAN VOWS 'TERRIFYING BLOWS'

    Energy and Shipping Disruption

    In a sign of disruption to energy supplies, at least 150 tankers including crude oil and liquefied natural gas vessels dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed on Sunday, after the U.S and Israeli strikes.

    The oil tankers were clustered in open waters off the coasts of major Gulf oil producers including Iraq and Saudi Arabia as well as LNG giant Qatar, according to Reuters estimates based on ship-tracking data from the MarineTraffic platform.

    Regional Repercussions

    In other regional repercussions, Pakistani police on Sunday clashed with protesters who breached the outer wall of the U.S. con

    References

    • 2026 Israeli–United States strikes on Iran
    • Smoke, strikes and sirens: Tehran in turmoil after US-Israel attack Iran - In pics

    Key Takeaways

    • •Iran confirmed Khamenei’s death on March 1, 2026, following a U.S.–Israel operation named ‘Operation Epic Fury’ or ‘Roaring Lion’ that destroyed his Tehran compound and killed close family members and other officials (en.wikipedia.org).
    • •Israel launched another wave of strikes on March 1, 2026, focusing on Iran’s ballistic missile and air defense infrastructure amid an explosive regional escalation ().

    Frequently Asked Questions about More strikes aimed at Iran after US, Israeli assault kills supreme leader

    1What triggered the US and Israeli strikes on Iran?

    The strikes were part of efforts to end Iran's threat and prevent nuclear weapon development, resulting in the killing of Iran's supreme leader.

    2How did Iran respond to the attacks?

    Iran launched hundreds of missiles and drones at US troops, Israel, and allied cities in retaliation for the strikes.

    Table of Contents

    • Escalating Conflict and Regional Impact Following Khamenei's Death
    • Israel's New Wave of Strikes and Air Dominance
    • Iran's Leadership Transition
    • Military Escalation and Retaliation
    • Casualties and Regional Fallout
    • Ground Forces Not Being Considered, Israel Says
    • Reactions Inside Iran
    • Khamenei's Legacy and the Attack
    • 'Go Back to Your Senses', UAE Adviser Tells Iran
    • Iran Vows 'Terrifying Blows'
    • Energy and Shipping Disruption
    • Regional Repercussions
    en.wikipedia.org
  • •Iran retaliated with drone and missile strikes against U.S. bases and regional targets; civilian casualties and infrastructure damage were reported in Iran, the UAE, and beyond, raising fears of broader conflict and oil market shocks (timesofindia.indiatimes.com).
  • 3What impact did the conflict have on global oil prices?

    Iran closed the Strait of Hormuz, through which a fifth of global oil passes, raising expectations of a surge in oil prices.

    4Were there civilian casualties in the attacks?

    Iran's UN ambassador reported hundreds of civilian casualties from the US and Israeli strikes.

    5What did international leaders say about the conflict?

    UN Secretary-General Antonio Guterres called for an immediate ceasefire, regretting the missed opportunity for diplomacy.

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