Today’s brief summary: The US and Israel officially declare war on Iran, and crypto wallets are paying the price~

February 28, 2026 - US and Israel joint strike against Iran:
⏰ Morning (My wallet is paying the price)
The joint strike begins: Israel’s Defense Minister announces “Operation Epic Fury,” targeting Tehran’s Khamenei residence, presidential palace, military facilities, and more.
Attack on a primary school in Hormozgan Province, Iran: Media reports at least 40-57 students killed; Western media unable to independently verify.
⏰ Morning to noon (Iranian retaliation phase) (My wallet is paying the price)
Iran’s retaliation: Launches several waves of ballistic missile and drone attacks on Israel, with air raid alerts in Haifa, Tel Aviv, and other cities, minor injuries and damages.
US military bases attacked: Iran strikes US military bases in Bahrain, UAE, Qatar, causing explosions and casualties.
⏰ Noon to afternoon (My wallet is paying the price)
Public panic: Tehran supermarkets rush to buy bread and water, gas stations line up with long queues, internet experiences large-scale outages.
Israel nationwide state of emergency: Airspace closed, civil flights halted, schools closed until Monday.
⏰ Later in the afternoon (My wallet is paying the price)
Multiple countries close their airspace: Iran, Iraq, Syria, Qatar, and others shut their airspace, leading to widespread flight cancellations.
US embassies issue shelter-in-place orders: US embassies in Bahrain, Jordan, Israel, and other countries issue “shelter-in-place” advisories.
🇺🇳 International reactions
Russia condemns: Calls US and Israel’s actions “baseless aggression.”
EU and UK call for restraint: Also push to restart nuclear negotiations.
Saudi Arabia and Egypt condemn Iran’s retaliation.
⏰ Current situation (My wallet is paying the price)
The conflict continues: US states the operation will last several days, Iran says “retaliation has only just begun,” the situation remains highly tense and could escalate further.