Day 6 of Operation 'Epic Fury' by the US-Israeli coalition. After the death of Khamenei, the Iranian IRGC declared complete control of the Strait of Hormuz, threatening 20% of global oil supply. Asian stock markets fell for the third consecutive day, with the KOSPI recording its largest drop ever.
| Date | Major Events | Signal |
|---|---|---|
| 2/25 | Iranian Foreign Minister's statement "Historical agreement imminent," 4th Geneva talks scheduled FACT | — |
| 2/28 | US-Israeli joint airstrikes begin (Israel: 'Roaring Lion' / US: 'Epic Fury'). Confirmation of Supreme Leader Ali Khamenei's death | FACT |
| 2/28 | President Trump declares "The goal is a substantial regime change" | FACT |
| 3/1 | Iran retaliates with missile/drone attacks on Israel, UAE, Qatar, Kuwait, Bahrain, Jordan, and Saudi Arabia. 10+ tankers hit, drone attacks on US CIA branch in Riyadh and consulate in Dubai | FACT |
| 3/2 | IRGC officially declares the closure of the Strait of Hormuz. Warns against threatening passing ships | FACT |
| 3/3 | Traffic through the Strait of Hormuz decreases by ~80%. 150+ ships anchored outside the strait. Qatar suspends LNG production (gas processing facility damaged by Iranian attack) | FACT |
| 3/4 | IRGC reaffirms "complete control" of the strait. IRIS Dena frigate sunk by US submarine in the Indian Ocean (40 nautical miles south of Sri Lanka). Bombing of US leadership election body / Iran strikes 10 ships in Hormuz | FACT |
| 3/4 | Trump announces "US Navy will start escorting tankers as soon as possible." Iranian side declares "No negotiations with the United States" | FACT |
| 3/5 | Maritime insurers (Gard, Skuld, NorthStandard, London P&I, American Club) cancel Hormuz insurance | FACT |