World Braces for Iran’s Response After US Strikes Signal New Era

The unprecedented US airstrikes on Iran have set traders and governments worldwide on edge, as the Islamic Republic warns of retaliation and Israel shows no sign of letting up in its assault.

President Donald Trump’s decision to deploy bunker-busting bombs, Washington’s first direct military action against Iran after decades of hostility, has pushed the Middle East into uncharted territory and raised geopolitical risk in a world economy already facing severe uncertainty over his trade war.