Economic impacts and financial reports
On February 20, 2026, the second day of the U.S. and Israeli military operation supporting the Iranian people, a series of airstrikes were conducted. Concurrently, the Islamic Revolutionary Guard Corps resumed drone and missile attacks on neighboring countries.
Videos received by Iran International show parts of an IRGC base in Kord-e Gharb, western Kermanshah province, destroyed in an airstrike.
Former Iranian president Mahmoud Ahmadinejad's Tehran residence was reportedly struck and heavily damaged in recent joint U.S.-Israeli airstrikes, according to online reports and visuals. His current whereabouts and condition remain unconfirmed.
In a joint United States and Israel airstrike, Ali Khamenei, the Supreme Leader of Iran, was killed, prompting widespread reactions on social media.
IRGC Navy facilities at Bahrain Pier in Bandar Abbas were struck overnight, resulting in visible damage to a vessel and port infrastructure, with additional strikes reported at Bandar Abbas Airport since morning.
Severe Israeli and American airstrikes hit multiple locations in Tehran, including Vanak Square, Azadi Square, Seoul Street, Sepah Square, and Mehrabad Airport.
The Israeli Defense Force has released footage documenting airstrikes carried out over Tehran, with video captured by an Israeli drone operating in Iranian airspace.
Mohammad Javad Akbari, a member of the editorial board of Iran International, stated that the Islamic Republic's belief in its religious duty to achieve its goals has led to the current crisis, and he noted the regime's denial of significant events, such as initially denying Ali Khamenei's death.
Iran's Islamic Revolutionary Guard Corps has conducted a drone strike on a high-rise building in Bahrain's capital using a Shahed-136 attack drone, reportedly targeting a residential area and demonstrating disregard for civilian casualties.
The Israeli army has warned residents of the Jay Industrial Area in Isfahan and Mazarreh village to evacuate or remain indoors as the areas will be targeted in upcoming attacks.
Iran's Supreme Leader Ali Khamenei is set to deliver a speech following recent U.S. and Israeli military strikes on Iran, according to Al-Alam TV.
On February 28, 2026, videos showed a missile striking the U.S. Fifth Fleet base in Bahrain. This attack came in response to coordinated strikes by the United States and Israel against Iran earlier that day.
