Former Iranian President Mahmoud Ahmadinejad's residence has reportedly been attacked, according to Jin10. Details surrounding the incident remain unclear, and there is no immediate information on casualties or the extent of the damage. Ahmadinejad, who served as president from 2005 to 2013, has been a controversial figure in Iranian politics. The attack comes amid heightened tensions in the region, though it is not yet known who is responsible or what the motive might be. Authorities are expected to investigate the incident further to determine the circumstances and potential implications.

Explosions have been reported in Riyadh, the capital of Saudi Arabia, while loud noises were heard in Dubai. According to NS3.AI, these incidents have heightened concerns regarding regional security and stability. The developments may influence investor sentiment, especially in Middle Eastern markets and assets that are sensitive to geopolitical risks.

The UK government has expressed its desire to avoid further escalation of the current situation into a broader regional conflict. According to Jin10, a spokesperson emphasized the importance of maintaining stability and preventing any developments that could lead to wider tensions. The statement reflects the UK's commitment to diplomatic efforts and conflict resolution in the region. The government continues to monitor the situation closely, aiming to work with international partners to ensure peace and security.

The UK government has announced the deployment of enhanced defense capabilities in the Middle East as part of its ongoing commitment to ensuring the security of allies in the region. According to Jin10, a government spokesperson emphasized the importance of these measures in maintaining stability and supporting allied nations. The recent bolstering of defense assets reflects the UK's strategic focus on regional security and its dedication to fulfilling long-standing promises to Middle Eastern partners.

Iran's foreign minister stated that Iran's response would be to strike all US military bases in the region.

The Israeli military detected a new batch of missiles launched from Iran. (CCTV International News)

According to Onchain Lens monitoring, a wallet created only 3 days ago bought "YES" shares of the "US strike on Iran" event on Polymarket, with $60,800 betting on the strike on February 28 and $3,000 betting on the strike on March 1. It has already realized a profit of $493,500. Onchain Lens suggests that this wallet may belong to an insider.

A U.S. military base in Bahrain was reportedly attacked, as regional tensions escalated sharply across the Gulf. Explosions were heard in multiple locations, including Bahrain’s capital Manama, while Qatar confirmed intercepting an Iranian missile.The developments mark a significant escalation in Middle East security risks, with potential implications for global energy markets and financial assets.Explosions Heard in Bahrain CapitalAccording to AFP, explosions were heard in Manama, the capital of Bahrain, following reports that a U.S. military base in the country had come under attack.Bahraini authorities have reportedly urged citizens to evacuate to “safe locations” as a precautionary measure. Details regarding casualties or damage have not yet been officially confirmed.Bahrain hosts the U.S. Navy’s Fifth Fleet and remains a critical strategic hub for U.S. military operations in the Gulf.Qatar Confirms Missile InterceptionA Qatari official stated that Qatar shot down an Iranian missile, signaling active air defense engagement.The reported interception suggests that hostilities may be spreading beyond Bahrain, raising concerns about broader regional confrontation involving Iran.Explosions Reported in the UAESeparate reports indicate explosions were also heard in the United Arab Emirates, though details remain limited at this stage.Authorities have not yet confirmed whether the explosions were linked to missile activity, drone strikes, or defensive countermeasures.Regional and Market ImplicationsThe Gulf region plays a critical role in global oil supply and international shipping routes, including proximity to the Strait of Hormuz.Escalating military exchanges could:Increase volatility in oil marketsTrigger safe-haven demand for gold and U.S. TreasuriesAdd pressure to global equity and crypto marketsHeighten geopolitical risk premiums across asset classesOfficials have not yet issued comprehensive statements regarding the scale or origin of the attacks. Further updates are expected as governments assess the situation.

China's government has restructured a significant micro credit initiative, transitioning its emphasis from poverty alleviation to providing sustained income support for rural households that remain vulnerable. Bloomberg posted on X, highlighting this strategic shift aimed at enhancing the economic stability of these communities. The program's new direction seeks to address long-term financial needs, ensuring that rural families have the necessary resources to improve their livelihoods. This change reflects China's broader economic strategy to bolster rural development and reduce income disparities across the country.

A spokesperson for Polish Airlines announced that flight LO121, traveling from Warsaw to Dubai, is returning to Warsaw due to further airspace closures in the region. According to Jin10, the decision was made to ensure passenger safety amid the ongoing situation. The airline is coordinating with relevant authorities to manage the disruption and provide updates to affected passengers.

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