Israel, Iran Trade Fire; Philippines Quake Kills Amid Global Market Concerns

Israel struck central and western Iran early Monday — hitting Tehran, Isfahan, and Tabriz — after Iran launched a late-night missile barrage at Israeli territory, according to AP News. The exchange threatens to pull the region into a full-scale war, just weeks after a ceasefire that many observers say has already collapsed. Yemen's Houthi rebels joined the fray, firing at Israel and declaring a "complete and total ban on Israeli maritime navigation in the Red Sea," Seatrade Maritime News reported.
Meanwhile, a magnitude 7.8 earthquake struck offshore Sarangani in the Philippines at 7:37 a.m. local time on June 8, killing at least 16 people and triggering tsunami waves up to 1.5 meters high. The quake, which produced more than 138 aftershocks, caused widespread damage across the Mindanao region, according to PHIVOLCS.
The current conflict is now in its 100th day, according to NPR Illinois. It began on February 28, 2026, when the U.S. and Israel launched a surprise joint strike on Iranian military sites and killed Supreme Leader Ali Khamenei. A ceasefire brokered by Pakistan and China took hold in April — but it never covered the Israel-Lebanon border, and Iran views Israel's ongoing strikes in Lebanon as a violation of the truce.
Israel struck Beirut's southern suburbs on June 7 without warning. Prime Minister Benjamin Netanyahu has insisted Israel "calls the shots" in regional defense, per Financial Times. Iran calls its missile offensive "Operation Nasr" and frames it as a defense of Lebanese sovereignty. Israel says it is protecting northern communities from Hezbollah rocket fire.
Houthi military spokesperson Yahya Saree announced a ban on all vessels with "Israeli affiliation" from using the Red Sea. Geopolitical analysts warn this could reignite the global shipping disruptions seen in 2024, according to Middle East Eye. Any ship tied to Israeli interests — even indirectly — could become a target.
Energy markets reacted sharply. Brent crude jumped 3 to 5 percent, reaching $97.64 per barrel, according to Bloomberg. Analysts say the combination of a regional war and a strong U.S. jobs report — 172,000 jobs added in May — has raised the chances of a Federal Reserve interest rate hike. That prospect sent Asian markets tumbling, with South Korea's Kospi down 8.2 percent and Japan's Nikkei 225 falling 4.5 percent.
President Trump pushed back Sunday on claims that the Iran war broke his campaign promise of "no new wars." Speaking on NBC's Meet the Press, Trump said, "I didn't guarantee no war. Why would I have built the strongest military in the world?" according to NBC News. Critics in both parties say the war's February launch contradicts his core 2024 campaign message.
Separately, Acting Attorney General Todd Blanche announced the administration was scrapping a proposed $1.8 billion "Anti-Weaponization Fund." Blanche said flatly, "We are not moving forward with the fund, period... Not moving forward, ever," per AP. Democrats, including Senator Chuck Schumer, had called it a "taxpayer-funded slush fund" to pay political allies like Mike Lindell and Roger Stone, according to Lawfare.
The 7.8 magnitude earthquake that struck Mindanao on June 8 hit on what was supposed to be the first day of the school year, disrupting classes and emergency services across the region, Inquirer.net reported. President Ferdinand Marcos Jr. vowed the government "will not leave Mindanao behind," according to Washington Post. Casualty figures varied widely between sources, with some reports placing the death toll as high as 51.
In Ohio, police in Toledo were still searching Monday for suspects who opened fire near the Old West End Festival on June 6, wounding 12 people — two critically. Lucas County Prosecutor Julia Bates called the shooting "personal" and vowed swift justice for the community, according to KSAT.
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