Operation Roaring Lion: Day 5
Global supply chains under pressure as Iran blocks Strait of Hormuz.
Updates
Israeli F-35I downs Iranian fighter jet in first air-to-air kill in four decades
The Israeli Air Force (IAF) has shot down an Iranian Yak-130 fighter jet over Tehran, marking the first time in roughly 40 years that Israel has engaged in air-to-air combat with a manned aircraft. The IAF confirmed the strike, which also represents the first-ever downing of a manned fighter jet by an F-35.
F-35.
(Photo: IAF)
The last air-to-air engagement by the Israeli Air Force occurred on November 24, 1985, when an F-15 intercepted two Syrian MiG-23s over Lebanon.
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Global supply chains under pressure as Iran blocks Strait of Hormuz
The U.S. and Israeli campaign against Iran, which has already drawn the Gulf states, and even one European country, Cyprus, into a major geopolitical crisis, is fueling fears of inflationary shocks and potential damage to GDP.
Since the beginning of 2026, Brent crude has surged about 43%. In just the three days of the current conflict, prices jumped roughly 22%, surpassing $85 per barrel. Markets are now questioning whether we are facing a “Ukraine 2” scenario, energy prices soaring due to a regional war.
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