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On the night of March 13 through the early morning of March 14, the Middle East conflict escalated across the board. The U.S. military launched airstrikes against Iran's oil hub Kharg Island military targets, with Trump declaring plans for more intense airstrikes and deploying an additional 5,000 Marines and amphibious fleets to the Middle East.
Iran subsequently activated Operation True Promise-4 rounds 46 and 47, launching multiple waves of heavy ballistic missiles within 3 hours, targeting Israel's core areas, the U.S. military's al-Udeid air base in Qatar, and positions within Saudi Arabia and Iraq, destroying Israeli air and space surveillance systems. Hezbollah in Lebanon coordinated military operations, with the Israeli military continuing airstrikes on southern Lebanon, resulting in mounting civilian casualties.
The Strait of Hormuz shipping lanes faced obstructions, with international oil prices experiencing significant volatility. Iran adopted a hardline stance, refusing negotiations, while international calls for ceasefires yielded no results, and risks of regional spillover intensified, with the regional security situation on the brink of losing control. $XTIUSD $ETH