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Iran Vows to Escalate Attacks as Trump Hails Progress in War
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March 5, 2026
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6:59Now PlayingWayne Sanders, Senior Defense Analyst for Bloomberg Intelligence, discusses military escalation in the Persian Gulf and the Strait of Hormuz.
The US-Israeli war on Iran waged for a sixth day with little sign of easing, as the Islamic Republic vowed to intensify its retaliation and oil extended gains.
Arab states across the Middle East — as well as Israel — reported interceptions of Iranian missiles and drones on Thursday, with Qatar telling residents to remain indoors due to the high level of threat.
Tehran said it launched drone attacks on US forces in Iraq and Kuwait, and struck an oil tanker in the Persian Gulf, underlining the risk to shipping in the energy-rich region.
Israel said it carried out a twelfth wave of airstrikes on the Iranian capital, hitting military and intelligence assets, following attacks on the Hezbollah militant group in Lebanon. At least 1,230 people have died in Iran so far, and dozens elsewhere in the region.
Iran’s Islamic Revolutionary Guards Corps said retaliatory attacks will intensify in coming days, according to the Nour news agency. US President Donald Trump was similarly defiant on Wednesday, saying the US is “doing very well on the war front.” The White House said it was close to “complete and total control of Iranian airspace.”
Iran pledged to respond to the sinking of a warship off the coast of Sri Lanka — the first time since World War II that an American submarine has attacked a surface vessel — which widened the geographic reach of the conflict. In all, about a dozen nations have become embroiled since the US and Israel launched their campaign on Feb. 28.
Azerbaijan became the latest on Thursday, threatening to retaliate after two Iranian drones struck its territory. Iran denied any connection to the incident, the semi-official Fars news agency reported.
The possibility of a protracted war is roiling markets, with Brent oil climbing toward $83 a barrel, after spiking about 13% over the first three days of the week. Gold extended gains amid concerns the conflict could be drawn out. A global bond selloff showed no respite, with the 10-year Treasury yield rising for a fourth straight day.
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