Israel says carrying out 'large-scale strikes' on Tehran
Source by : CNA Digital NEWS Hub
02 Mar 2026 08:40 AM
Israel says carrying out 'large-scale strikes' on Tehran
US President Donald Trump says the war on Iran could last a month.
Plumes of smoke rise following reported explosions in Tehran on Mar 1, 2026, as the US-Israeli campaign against Iran intensifies. (Photo: AFP/ATTA KENARE)
Israel says carrying out 'large-scale strikes' on Tehran
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Israel says carrying out 'large-scale strikes' on Tehran
US President Donald Trump says the war on Iran could last a month.
Israel says carrying out 'large-scale strikes' on Tehran
Plumes of smoke rise following reported explosions in Tehran on Mar 1, 2026, as the US-Israeli campaign against Iran intensifies. (Photo: AFP/ATTA KENARE)
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The Israeli military said it launched "large-scale strikes" on Tehran on Monday (Mar 2), two days since the start of a US-Israeli campaign against Iran.
US President Donald Trump said 48 Iranian leaders had been killed, and that the war on Iran could last a month.
The strikes - and Iranian retaliation - sent shockwaves worldwide through sectors from shipping to air travel to oil, amid warnings of rising energy costs and disruption to business in the Gulf region.
Shipping companies divert vessels around Cape of Good Hope
Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after the US-Israeli strikes on Iran and the closure of the Strait of Hormuz.
"Due to the deteriorating security situation in the Middle East region following the escalating military conflict, we have decided ... to pause future Trans-Suez sailings through the Bab el-Mandeb Strait for the time being," Danish container shipping group Maersk said in a statement.
The company last month announced a gradual return of some services to the Suez route, seen as a key step towards ending two years of global trade disruption caused by attacks on ships in the Red Sea by Yemen's Houthi rebels.
"We will continue to monitor the situation closely and take all needed actions," the company said.
"Once the situation stabilises and the security conditions again permit, we will continue to prioritise the Trans-Suez route," Maersk added, commenting on its Middle East-India to Mediterranean and Middle East-India to East Coast US services.
The company later said its services in the UAE, Oman and Qatar may also be disrupted.
Containers of Danish shipping and logistics company Maersk stand on a vessel in Copenhagen on Sep 14, 2023. (Photo: AFP/Sergei Gapon)
German shipping group Hapag-Lloyd said in a separate statement it was rerouting its IMX container shipping service that connects India and the Middle East with the Mediterranean around southern Africa.
It added it would prioritise the route again once the security situation permitted transit.
Hapag-Lloyd said it would apply a war risk surcharge for cargo to and from the Upper Gulf, the Arabian Gulf and the Persian Gulf from Mar 2.
CMA CGM also said it would apply an emergency conflict surcharge for cargo to and from Iraq, Bahrain, Kuwait, Yemen, Qatar, Oman, the UAE, Saudi Arabia, Jordan, Djibouti, Sudan and Eritrea as well as the Red Sea Port of Ain Sokhna.
Israel says striking Hezbollah targets “across Lebanon”
The Israeli military said it has launched a wave of strikes against Hezbollah "across Lebanon", after rocket fire claimed by the Iran-backed militant group.
A military statement said that "in response to Hezbollah's projectile fire toward the State of Israel", Israeli forces had "begun striking targets of the Hezbollah terrorist organisation across Lebanon".
Explosions were heard in the southern suburbs of Lebanon's capital, Beirut, a Hezbollah stronghold.
The Lebanese militant group earlier vowed to confront the US and Israel over their strikes on the group's backer Iran.
It said it launched missiles and drones towards Israel in retaliation for the killing of Iran’s Supreme Leader Khamenei.
Lebanon’s prime minister said launching projectiles from the country’s south was “irresponsible” and a “suspicious act” that jeopardised national security.
More strikes on Tehran
Israel has announced new "large-scale" strikes on Iran, two days after the start of its campaign with the US.
"The Israeli Air Force ... has begun an additional wave of strikes against the Iranian terror regime at the heart of Tehran," the military said in a statement.
1 killed in Bahrain
A person has been killed after a fire broke out in Bahrain’s Salman Industrial City following a missile interception.
Two others were severely injured and the fire was brought under control, said Bahrain’s interior ministry.
Iran has been targeting cities across the Gulf in retaliation for the US and Israeli strikes.
Iran's Revolutionary Guards on Saturday said their missiles and drones struck the headquarters of the US Navy's Fifth Fleet in the capital Manama. Drones and shrapnel also slammed into residential buildings, sparking fire from high-rises.
The US embassy in Manama has urged citizens to steer clear of hotels, warning they could become potential targets after the Crowne Plaza was hit during Iranian strikes.
48 minutes ago
Japan stocks drop at the open
Tokyo's key Nikkei 225 index was down 2.2 per cent in early trade, as investors assessed the impact of a military conflict in the Middle East.
The broader Topix, meanwhile, slipped 2.1 per cent.
The surge in oil prices could be expensive for Japan, which imports all its oil.
South Korea lost 1 per cent, after a meteoric rise so far this year.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent.
53 minutes ago
Jump in oil prices
Oil prices have surged on the back of the conflict in the Middle East.
Brent Crude, the international benchmark for crude oil, rose to just over US$80 per barrel in early trading, up from its closing price of US$72.87 on Friday.
It has since eased slightly to around US$77.
With the resulting regional turmoil, maritime transport is under threat through the Strait of Hormuz, where around 20 per cent of global oil passes.
The key waterway is mostly but not completely closed, as some Chinese and Iranian vessels are reported to have passed through.
In such a situation, insurance costs become prohibitive, said Amena Bakr, head of Middle East and OPEC+ research at analysts Kpler, predicting that the price could hit US$90.
The main shipping companies have already confirmed that they are suspending the passage of their fleets along the route.
War on Iran
Hello and welcome to day three of our live coverage of the unfolding US–Israeli military campaign against Iran - a conflict that continues to reverberate far beyond the battlefield.
As cities across the Middle East remain on high alert and global leaders respond to the latest developments, financial markets are also on edge.
The trading day here in Asia is just starting and already the Nikkei is down 2 per cent. Energy markets in particular have been roiled by the conflict.
Stay tuned here as we bring you the latest developments.
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