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Published on
Thursday, April 2, 2026 at 04:14 AM
War Profits Rise as Iran-Israel Strikes Escalate

Who Pays

Iran launched a major missile salvo toward Israel on April 2, 2026, while the Israel Defense Forces (IDF) had issued an evacuation order for Tehran on June 16, 2025, in anticipation of potential strikes. The exchange widened across borders as Iran’s attacks also caused fires in Kuwait and Bahrain on April 2, 2026.

Former US President Donald Trump said on April 2, 2026, that Iran was "no longer a threat" as the missile fire continued. On April 1, 2026, Trump spoke about the Iran war from the Cross Hall of the White House in Washington. US intelligence assessments on April 1, 2026, indicated that Iran was unwilling to negotiate an end to the war.

State Power and Military Destruction

The Israel Air Force (IAF) struck 400 Iranian targets over two days, according to the base report. The IDF chief warned of a manpower crisis. The strikes and counterstrikes unfolded amid the ongoing war between Israel-US and Iran, with Israel Air Force fighter jets seen in central Israel on March 16, 2026.

Iran fired a major missile salvo ahead of the Passover holiday on April 1, 2026. Initial reports indicated approximately 10 ballistic missiles were fired, marking one of the most significant barrages from Iran in recent weeks. The aftermath of an Iranian rocket attack against Israel was observed on April 1, 2026.

The IDF killed a senior Quds Force operative and struck an Iranian regime chemical manufacturer on April 1, 2026. The IDF also struck a factory that transferred chemical substances used in the Iranian regime’s development of chemical weapons on Tuesday, April 1, 2026.

Industrial Targets, Regional Spillover

Iran said it feared Israel’s "new strategy" after major strikes on its steel industry on April 1, 2026. Mobarakeh, described as the largest industrial company in Iran and the biggest steel complex in the Middle East, was identified as a cornerstone of the country’s economy.

A funeral ceremony for Islamic Revolutionary Guards Corps Navy Commander Alireza Tangsiri, who was killed in strikes amid the US-Israeli conflict with Iran, took place in Tehran, Iran, on April 1, 2026. Iranian President Masoud Pezeshkian spoke in February 2026 on the 47th anniversary of the Islamic Revolution in Tehran, urging Americans to reject "propaganda" on Iran and calling the US Israel's proxy.

The conflict also reached Gulf states. A drone attack sparked a fire at Kuwaiti Airport, and a tanker off Qatar was hit as Iran struck Gulf states on April 1, 2026. Iran also launched attacks against Qatar and Bahrain. Birds were seen flying near the Jag Vasant vessel transferring LPG at a port after transiting the Strait of Hormuz amid supply disruptions linked to the US-Israeli conflict with Iran, in Mumbai, India, on April 1, 2026.

The UAE denied a Wall Street Journal report on April 1, 2026, that it was preparing to help the US and allies open the Strait of Hormuz by force. Officials told the Wall Street Journal that the nation had already conducted an internal assessment of its capabilities to help secure the strait, including its ability to clear mines.

Negotiations and Backlash

US intelligence assessments indicated on April 1, 2026, that Iran was unwilling to negotiate an end to the war. Iran denied a claim by Trump on April 1, 2026, that Iran's new leader had asked for a ceasefire. Trump had stated in a Truth Social post on Wednesday, April 1, 2026, that Iran's new leader had just asked the United States for a ceasefire.

Planes of Kuwait Airways and Qatar Airways were seen through the window of a Middle East Airlines aircraft at Cairo International Airport, amid the U.S.-Israeli conflict with Iran, in Cairo, Egypt, on March 31, 2026. An Apache helicopter fired a missile toward Lebanon near the Israeli-Lebanese border in northern Israel on March 30, 2026.

The base report places the fighting inside a wider regional war involving the US, Israel, Iran, and Gulf states, with military strikes, industrial damage, and transport disruption moving together. The IDF’s evacuation order for Tehran, the strikes on Iranian industrial sites, and the missile attacks on Israel and Gulf states all appear in the same sequence of escalation.

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