US and Israel strike Iran; Khamenei killed and Iran retaliates against Gulf bases

On February 28, 2026 the US and Israel launched joint strikes on Iranian military and government sites, including Revolutionary Guard facilities, air defenses and missile and drone launch sites. Trump said Supreme Leader Ali Khamenei was killed, and Iran fired missiles and drones at Israel and at US installations in Bahrain, Kuwait and Qatar. The strikes opened the conflict that drove oil and Treasury yields higher through March, so traders priced an energy shock from the start.

• Trump said Supreme Leader Ali Khamenei was killed; Israeli officials confirmed anonymously
• Iranian state media reported at least 201 killed and more than 700 injured
• Iran struck Israel and US bases in Bahrain, Kuwait and Qatar