Where things stand, global responses — and what comes next

The US-Israel conflict with Iran extends into its third day, with each side intensifying its sharpest responses in the coming days, deepening fears of a broader war that could shake the global economy.

Washington and Israel launched large-scale attacks on Iran on Saturday. The Supreme Leader of the Islamic State was killed Ayatollah Ali Khamenei, sparking retaliatory strikes from Tehran.

Tehran responded accordingly Missiles and drones Against Israel and the Gulf states that host US military bases, including the United Arab Emirates, Qatar, Kuwait and Saudi Arabia.

Civilian infrastructure was also hit by Iranian retaliatory strikes, including the luxury Fairmont The Palm hotel in Dubai and Dubai International Airport.

The death of Khamenei, who ruled Iran for more than three decades and assumed absolute power, raised the question of who will rule Iran next because he did not publicly appoint a successor. A council that includes Iranian President Masoud Pezeshkian, head of the judiciary and a member of the Guardian Council, temporarily assumed leadership duties on Sunday.

More than 200 people In Iran, they were killed during strikes, according to Iranian official media.

Three US service members The US military said on Sunday that three soldiers were killed and five others were seriously injured.

American crude Oil rose more than 8%, or $5.55, to $72.57 a barrel, while global benchmark crude rose. Brent It jumped about 9%, or $6.54, to $79.41.

Precious metals such as gold and silver rose nearly 2% as investors flocked to safe-haven assets amid global risk-off sentiment.

Risky assets are declining. Dow Jones Industrial Average futures fell 521 points, or 1%. S&P 500 futures lost 1% and Nasdaq 100 futures fell just over 1%.

Japan Nikki 225 The Topix index fell 1.2%, while the Topix index fell 1.34%. Hong Kong Hang Seng Index China’s CSI 300 index opened 1.15% lower, while the CSI 300 index fell 0.25%. Australia Standard & Poor’s/ASX 200 Decreased by 0.48%.

US President Donald Trump warned of the possibility of this happening More American casualties As the processes unfold. Trump told the Daily Mail on Sunday that the conflict with Iran could continue for the next four weeks.

The British newspaper quoted Trump as saying: “It has always been a four-week process. We expected it would be four weeks or so. It has always been a four-week process, so – as powerful as it is, it is a big country, it will take four weeks – or less.”

Separately, in interview Trump told The Atlantic that the new Iranian leadership wants to resume negotiations and that he agreed to talk with them.

“They want to talk, and I agreed to talk, so I’ll talk to them. They should have done it sooner. They should have done what was very practical and easy to do sooner. They’ve waited too long,” Trump said, without specifying when the talks would be held.

The US strikes sparked controversy over their legal basis, as only Congress has the right to declare war under the Constitution.

“There is no plausible legal justification for a US attack on Iran,” said Brian Finucane, a senior adviser at the International Crisis Group, a Brussels-based think tank.

He added that Congress did not authorize military action and that the president was not moving to repel any surprise attack on the United States.

“Even by the standards of unilateral executive military action in recent decades, President Trump’s unauthorized attack on Iran stands apart because of its scale and potential repercussions, including on US forces in the region,” Finucane added.

US lawmakers also expressed concerns about a potentially long and costly war in the Middle East.

Senator Tom Cotton, the Republican chairman of the Senate Intelligence Committee from Arkansas, said on CBS News’ “Face the Nation” that “there is no simple answer to what comes next.”

“It is no secret that this administration has no plan to deal with the chaos now unfolding in the Middle East,” said Senator Chris Murphy, a Democrat from Connecticut.

Russia: President Vladimir Putin It is said He expressed his condolences over Khamenei’s death, calling the act “a murder committed in cynical violation of all rules of human morality and international law.” In a statement on Saturday, the Russian Foreign Ministry called for “an immediate return to the political and diplomatic track.”

Gulf countries: Countries allied with the United States showed a show of defiance, pledging in a joint statement “to stand united in defense of our citizens, our sovereignty, and our lands, and to reaffirm our right to self-defense in the face of these attacks.”

Britain: The UK government said it was not involved in the strikes and did not want to “see further escalation into a broader regional conflict.” But London has agreed to allow the United States is used Its military bases to launch “defensive” strikes on Iranian missile sites, according to Prime Minister Keir Starmer.

GermanyA government spokesman said Chancellor Friedrich Merz is “closely monitoring the development and coordinating closely with European partners.” Merz is scheduled to meet with Trump in Washington later this week.

France: President Emmanuel Macron called for an end to the attacks and requested a Security Council meeting. He also wrote that Iran’s leadership “must understand that it now has no other choice but to enter into negotiations in good faith” over its nuclear program.

Australia: Prime Minister Anthony Albanese highlighted that Iran has been a “destabilizing force” for decades. “We support the United States’ move to prevent Iran from obtaining a nuclear weapon and to prevent Iran from continuing to threaten international peace and security,” he said in a statement.

CanadaPrime Minister Mark Carney also supported the US action. “Canada supports the United States’ move to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security,” Carney said in a statement.