US-Israel war on Iran: everything you need to know from China’s reaction to what’s next

South China Morning PostEN 1 min read 100% complete by SCMPMarch 2, 2026 at 11:30 AM

AI Summary

short article 1 min

The United States and Israel have launched a military campaign against Iran, leading to escalating strikes and retaliation. These actions have resulted in casualties, a spike in oil prices, and significant geopolitical shocks. China has strongly condemned the killing of Iranian Supreme Leader Ayatollah Ali Khamenei, an event that has destabilized Tehran. Financial markets have reacted negatively, with futures and Asian shares experiencing a sharp sell-off as the conflict continues. The situation is causing turmoil in the Middle East and raising concerns about a major regional escalation.

Key Entities & Roles

Key Player Opposition Context

Dow 30% Nasdaq 30% S&P 500 30% Tehran 40% Middle East 50% China ×260% Ayatollah Ali Khamenei ×370% Israel ×380% United States ×390% Iran ×6100%

Keywords

us-israel war on iran 100% iranian retaliation 70% china 60% global geopolitics 60% market sell-off 60% ayatollah ali khamenei 50% middle east escalation 50% oil spikes 50%