US Sinks Iranian Warship as Iran Warns of Widespread Destruction in the Middle East

 A group of men inspect the ruins of a police station struck Monday amid the US–Israeli military campaign in Tehran, Iran, Tuesday, March 3, 2026. (AP)
A group of men inspect the ruins of a police station struck Monday amid the US–Israeli military campaign in Tehran, Iran, Tuesday, March 3, 2026. (AP)
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US Sinks Iranian Warship as Iran Warns of Widespread Destruction in the Middle East

 A group of men inspect the ruins of a police station struck Monday amid the US–Israeli military campaign in Tehran, Iran, Tuesday, March 3, 2026. (AP)
A group of men inspect the ruins of a police station struck Monday amid the US–Israeli military campaign in Tehran, Iran, Tuesday, March 3, 2026. (AP)

A US submarine sank an Iranian warship in the Indian Ocean, as Washington and Israel intensified their bombardment Wednesday of Iran's security forces and other symbols of power. Iran launched more missiles and drones as it warned of the destruction of military and economic infrastructure across the Middle East. 

The tempo of the strikes on Iran was so intense that state television announced the mourning ceremony for Iranian Supreme Leader Ali Khamenei, who was killed at the start of the conflict, would be postponed. Millions attended the funeral of his predecessor, Khomeini, in 1989. 

The US and Israel launched the war on Saturday, targeting Iran’s leadership, missile arsenal and nuclear program while suggesting that toppling the government is a goal. But the exact aims and timelines have repeatedly shifted, signaling an open-ended conflict. 

Israel was also trading fire with the Iranian-backed Hezbollah group in Lebanon, while Iran fired on Bahrain, Kuwait and Israel. As the conflict spiraled, Türkiye said NATO defenses intercepted a ballistic missile launched from Iran before it entered Türkiye’s airspace. 

The war has killed more than 1,000 people in Iran, more than 50 in Lebanon and around a dozen in Israel, according to officials in those countries. It has disrupted the supply of the world’s oil and gas, snarled international shipping, and stranded hundreds of thousands of travelers in the Middle East. 

Both sides are unrelenting

US Defense Secretary Pete Hegseth said a torpedo from a US submarine sank an Iranian warship in the Indian Ocean Tuesday night. 

Sri Lankan authorities said 32 people were rescued from the ship, which they said had 180 people on board and sank outside Sri Lanka’s territorial waters. The country's navy said it had recovered 87 bodies. 

Israel said it hit buildings associated with Iran's Basij, the all-volunteer force of the paramilitary Revolutionary Guard that conducted a bloody crackdown on protesters in January. Thousands of people were killed and tens of thousands detained as Iranian authorities suppressed those demonstrations. 

The Israeli military also said it hit buildings associated with Iran’s internal security command. Israel and the US have said they want to see Iranians overthrow the country's theocracy, and strikes against Iran's internal security forces may be aimed at hastening that. 

However, Iran's Foreign Minister Abbas Araghchi said over the weekend that its forces have decentralized leadership, with units acting largely on their own according to general orders, which could blunt the effect of attacks on top command and control hubs. 

Iranian state television showed the ruins of buildings in Tehran, with interviewees saying the attacks damaged their homes. Strikes have also been reported in the Shiite seminary city of Qom targeting a building associated with a clerical panel set to pick Iran’s next supreme leader. Iranian media said it was empty at the time. 

Shifting timelines for US operations  

During his Pentagon briefing, Hegseth didn't give a definitive timeline for US operations. 

“You can say four weeks, but it could be six, it could be eight, it could be three,” he said. “Ultimately, we set the pace and the tempo. The enemy is off balance, and we’re going to keep them off balance.” 

Adm. Brad Cooper, the top US military commander in the Middle East, said American forces have damaged Iran’s air defenses and taken out ballistic missiles, launchers and drones. Israeli military spokesman Brig. Gen. Effie Defrin said such damage has led to a decline in launches from Iran. 

Still, air raid sirens and explosions could be heard across central and northern Israel on Wednesday. Israel’s military said Iran launched missiles toward the country. Hezbollah also fired rockets, as Israel pounded targets in the suburbs of the Lebanese capital, Beirut. 

Iran has also struck around the region, and air sirens sounded Wednesday across Bahrain, home to the US Navy’s 5th Fleet. 

At least 1,045 people have been killed in Iran, the country's Foundation of Martyrs and Veterans Affairs said Wednesday. Eleven people have been killed in Israel and more than 50 in Lebanon. Six US troops have been killed. 

Israel says its offensive had been planned for mid-year 

Israeli Defense Minister Israel Katz said the offensive against Iran was originally planned for mid-2026, but “the need arose to bring everything forward to February.” 

He listed events inside Iran, US President Donald Trump's positions “and the whole possibility of creating a combined operation here,” as reasons. 

The protests in Iran put unprecedented pressure on its leadership. Trump threatened military action in response to the crackdown before shifting his attention to Iran's disputed nuclear program. 

Energy supplies in the crosshairs  

Iran’s paramilitary Revolutionary Guard issued its most-intense threat yet, saying the strikes against it would "cost of the complete destruction of the region’s military and economic infrastructure.” 

A container ship was attacked Wednesday while passing through the Strait of Hormuz, the narrow mouth of the Gulf through which about a fifth of the world’s oil is shipped. The ship was hit by an unknown projectile, the United Kingdom Maritime Trade Operations said. 

Tanker traffic through the strait has fallen by around 90% compared to prewar levels, shipping tracker MarineTraffic.com said Wednesday. 

Oil prices have soared as Iranian attacks have disrupted traffic through the strait, and global stock markets have been hammered over worries the spike in oil prices may grind down the world economy. 

Iran’s clerics are choosing a new supreme leader  

Iran’s leaders are scrambling to replace Khamenei, who ruled the country for 37 years. It’s only the second time since the 1979 revolution that a new supreme leader is being chosen. 

Potential candidates range from hard-liners committed to confrontation with the West to reformists who seek diplomatic engagement. Mojtaba Khamenei, Khamenei’s son, has long been considered among them — despite the fact he’s has never been elected or appointed to a government position. 

In a sign that Iran’s leadership will only seek to consolidate its power as it faces its biggest crisis in decades, the head of the judiciary warned that “those who cooperate with the enemy in any way will be considered an enemy.” 

Israel’s defense minister, meanwhile, threatened whoever Iran picks to be the country’s next supreme leader. 

“Every leader appointed by the Iranian terror regime to continue and lead the plan to destroy Israel, to threaten the United States and the free world and the countries of the region, and to suppress the Iranian people — will be a target for elimination,” Israel Katz wrote on X. 

It’s not clear how Washington will respond if a new leader in the mold of Khamenei is chosen. Trump said Tuesday that the “worst case would be do this, and then somebody takes over who’s as bad as the previous person.” 



US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
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US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system.

"We are launching an economic onslaught against Iran’s financial connections around ⁠the globe. Our ⁠objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said.

He added that it’s “no longer acceptable to operate in the gray spaces” of the conflict.

He did not name what countries could face potential secondary sanctions from the United States.

“Let there be no ambiguity as to the position of the United States,” Bessent told a news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The US Treasury Department has mapped the networks, facilitators, and financial channels that Iran uses to smuggle oil and evade sanctions and said that Washington would be working with US partners to target any source of Iran's "illicit revenue."

The department said it has issued determinations against five sectors -- digital assets, technology, gold, ⁠aviation and shipping -- that the Iranian government is using to prop up its economy. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels.

US President Donald Trump's war with Iran, which has pushed energy prices higher worldwide, is about to hit its six-month mark. While heavy fighting has ‌subsided, diplomatic efforts to end the war have stalled and oil and raw material shipping through the Strait of Hormuz ⁠remains blocked, ⁠keeping energy prices elevated.


Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
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Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran.

"IRAN IS COMPLETELY COLLAPSING!!!" Trump posted in his trademark all-caps style on his social media platform Truth Social.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”


Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
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Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)

Crown Prince Haakon visited his father King Harald of Norway on Monday at the hospital, after the king's health deteriorated over the weekend, public broadcaster NRK reported.

The 89-year-old monarch, who has been on sick leave for several weeks, was admitted to the National Hospital a week ago. He is now receiving antibiotics for a bacterial blood infection and has responded to treatment, the royal palace said late Sunday, adding that his condition is stable.

Haakon, has been serving as regent during that time, The Associated Press quoted the palace as saying.

The king has hemolytic anemia and was being treated with cortisone, leading to fluid accumulation in the body that required hospital treatment, the palace said last week.

Norway's prime minister sent his wishes for the king and said that “all of Norway is following and thinking about the king,” NRK reported.

“My strong wish is that he continues to receive good treatment from the good healthcare system we have,” Prime Minister Jonas Gahr Støre said.

Harald, who has been monarch since 1991, has been in and out of the hospital several times in recent years.

In February, he was admitted to a hospital in Spain’s Canary Islands during a winter vacation for treatment for a skin infection.

Two years ago, the king fell ill during a private vacation with the queen in Malaysia and received a temporary pacemaker there. Harald returned aboard a medical airplane to Norway, where he was fitted with a permanent pacemaker.