The war between the U.S.-led coalition and Israel against the Islamic Republic of Iran has completed seven days of relentless escalation.
This Friday, the international scene was darkened following statements by President Donald Trump, who hardened his diplomatic stance by affirming that he will not accept any agreement that is not the “unconditional surrender” of Tehran.
Trump demands Iran’s surrender
There will be no agreement with Iran, unless there is UNCONDITIONAL SURRENDER!…. IRAN WILL HAVE A GREAT FUTURE.
“LET’S MAKE IRAN GREAT AGAIN!” – President Donald J. Trump. pic.twitter.com/SRBxFt5FxB
– USA en Espanol (@USAenEspanol) March 6, 2026
Israeli aircraft executed one of the most symbolic and destructive missions this week.
A squadron of 50 fighter jets attacked and destroyed the subway bunker of the late leader Ali Khamenei.
Simultaneously, the cities of Tehran and Isfahan suffered new waves of bombings, while in the industrial city of Qom an “urgent warning” of evacuation was issued in the face of imminent attacks.
Collateral damage is spreading rapidly to Lebanon.
In the last 24 hours, the death toll from the air offensive rose to 217 victims, doubling the toll reported just the night before.
Despite the devastation, the Shiite group Hezbollah continues to fire projectiles into northern Israel, albeit with limited impact.
Tension also escalated in the field of intelligence.
Reports reveal that Russia is providing Iran with precise locations of U.S. military assets, enabling more sophisticated attacks.
However, Iran’s ambassador to Moscow, Kazem Jalali, was blunt in declaring that Trump has “no chance” of influencing his country’s future leadership in the wake of Khamenei’s death.
Financial panic: Oil and Wall Street in the red
The price of WTI crude oil is up more than 14% today, reaching 92.45 dpb. pic.twitter.com/9Bqp34WrH4
– Gabriela Siller Pagaza (@GabySillerP) March 6, 2026
The economic consequences of the military intervention are already being felt in the pockets of consumers and on investment boards.
These are the key points of the current financial crisis:
Oil soaring: Texas crude oil (WTI) surpassed the barrier of 90 dollars per barrel, accumulating an increase of 17% in one week.
Gasoline in the U.S.: Prices have risen between 10 and 20 cents per gallon since last Saturday.
Wall Street: The Dow Jones opened sharply lower by 1.86%, reflecting fears of a prolonged energy supply disruption.
Experts warn that the U.S. economy, already weakened by persistent inflation and an uncertain labor market, could face a recession if the war drags on.
Meanwhile, European leaders (UK, France, Germany and Italy) and the UN are calling for an “immediate de-escalation” to give diplomacy a chance before the conflict becomes irreversible.
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