Israeli and U.S. forces initiated a series of strikes against Iranian targets beginning February 28, 2026, marking the start of the ongoing 2026 Iran war and focusing initially on missile sites, air defenses, and nuclear infrastructure. Subsequent developments include Israeli shifts toward economic targets such as gas fields and steel facilities, alongside reports of Pentagon planning for limited ground operations involving special forces or conventional units to seize or secure highly enriched uranium stockpiles at sites like Fordow, Natanz, and Isfahan. These preparations, discussed in recent weeks, fall short of full-scale invasion and occur amid a fragile ceasefire that ended in March, with renewed hostilities potentially resuming as early as next week. Trader sentiment reflects uncertainty over whether any Israeli ground presence will receive official confirmation before key resolution deadlines, influenced by diplomatic talks, Iranian defensive measures, and risks of broader escalation involving the IRGC.