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Iran Launches Retaliatory Attacks

Key News Attacks on Iran and the subsequent retaliatory attacks across the Middle East sent the US dollar higher and Asian equities lower, except for commodity-heavy Australia. Several markets were down significantly, including Singapore, Thailand, the Philippines, and especially Pakistan. South Korea was closed for Independence Movement Day. The Ministry of Foreign Affairs’ press conference seemed to indicate that President Trump’s China trip a…

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The Defence Minister, Radu Miruzá, says that "Romania did not support what happened last night or when the attack against Iran was launched" and no facilities from the territory of Romania was used against this country.

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Iran is attacking key infrastructure, employing tactics used by Russians in Ukraine, notes the American newspaper The Wall Street Journal. The newspaper notes that Tehran is using small attack drones in its retaliatory attacks, which are difficult for air defenses to intercept. In this way, it attempts to psychologically exhaust the enemy's population and inflict economic damage.

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The Saturday Paper broke the news in on Sunday, March 1, 2026.
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