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Israel Strikes Tehran as War Enters Second Week, Oil Prices Surge

Published March 7, 2026, 09:20
Israel Strikes Tehran as War Enters Second Week, Oil Prices Surge

Israel struck Tehran, primarily targeting an airport, in response to recent attacks from Iran. The war is in its second week and has spread to several countries in the region, causing oil prices to surge, rising by at least 35% in a week and approaching $100 a barrel. US President Donald Trump stated he wants Iran's “unconditional surrender.” Simultaneously, Saudi Arabia called on Iran to exercise restraint and warned against miscalculation after intercepting a ballistic missile heading towards one of its air bases.