U.S. prepares major bombing campaign against Iran’s missile sites amid rising regional tensions and market turmoil.

The U.S. is preparing its largest bombing campaign yet against Iran, targeting missile launchers and production facilities, Treasury Secretary Scott Bessent said, citing Iran’s efforts to disrupt global markets via the Strait of Hormuz. The operation, linked to ongoing military actions including Israeli strikes, aims to degrade Iran’s missile capabilities amid escalating regional tensions. While no specific timeline was given, the Pentagon confirmed recent precision strikes, and defense stocks surged as production ramps up to meet urgent demand. Gold and oil prices rose on safe-haven and supply concerns, while the stock market plunged, driven by fears of war, energy disruptions, and economic fallout.