Governments scrambled to limit the impact on economies and consumers ⁠from ⁠the widening Iran war, which fuelled a record ⁠surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain ​in charge.

President Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israel strikes attack targeting military and government sites, officials said.

The White House said President Donald Trump is not ruling out any options in the war with Iran, including the possibility of ground troops. About 140 US service members have been injured since the beginning of the war,

As the conflict between the US-Israel and Iran escalates, Tehran has stated that it will “not seek a ceasefire," adding that the aggressors should be punished. Meanwhile, Israeli PM Netanyahu has said that his government will be drafting a “special budget” for the Iran war.

Iran’s attacks on regional oil infrastructure and pledges to choke off a vital waterway left markets on edge as the United States promised blistering new strikes.

Iran is not seeking a ceasefire in the war against the United States and Israel, the powerful Iranian parliament speaker said on Tuesday, adding that the "aggressor" should be punished. "Certainly we aren't seeking a ceasefire,

The Defense Secretary told CBS News that the U.S. is “willing to go as far as we need to go,” as he again refused to rule out the possibility of putting U.S. boots on the ground in Iran.

A top Iranian official has warned that the government is prepared for a long war with the US and signaled that it is willing to continue attacking Gulf countries in an effort to persuade them to convince President Donald Trump to step back from the conflict.

The U.S. and Israel vowed Sunday to press ahead with the massive military operation, which has rippled across the region and appears to have no end in sight.