US and Israel launch air war against Iran Strait of Hormuz closes as Supreme Leader Khamenei killed

U.S. and Israeli forces launch coordinated airstrikes against Iranian military infrastructure, nuclear facilities, and command centers. Supreme Leader Ali Khamenei is killed in the strikes. Iran's Islamic Revolutionary Guard Corps closes the Strait of Hormuz to all shipping. Oil prices spike as approximately 25% of the world's seaborne oil trade and 20% of global LNG is blocked. Iran launches retaliatory missile attacks against U.S. bases in the region and Israeli territory, triggering a broader regional conflict.