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Israel Strikes Iran as Trump Seeks to Prevent All-Out War

Oil prices surged 3% as Israeli strikes hit multiple Iranian cities, while President Trump urged restraint to preserve diplomatic channels.

June 8, 2026 at 9:30 AM

Conflict between Israel and Iran escalated sharply over the last 24 hours as Israeli forces conducted airstrikes across central and western Iran. Explosions were reported in Tehran, Isfahan, Tabriz, and Karaj, prompting Iranian authorities to temporarily close airspace around Tehran’s main international airport. The Revolutionary Guards stated the strikes were linked to ongoing Israeli operations in Lebanon, warning of further retaliation against the occupied territories if operations in Beirut expand. The military exchange triggered an immediate 3% surge in global oil prices. Amid the heightened tensions, Iran officially branded U.S. military bases in the region as 'legitimate targets,' raising concerns about the safety of American personnel. Despite the violence, President Donald Trump has publicly urged restraint, signaling a desire to prevent the exchange from collapsing potential diplomatic breakthroughs. Reports indicate the Trump administration remains focused on reaching a final nuclear deal with Tehran. However, the current environment presents significant obstacles, as no formal breakthroughs have been announced and verified damage assessments from the latest strikes are still pending. The situation remains fluid as both sides weigh further military and economic responses.

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