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US President Donald Trump announced a US-Israeli attack on Iran on February 28, part of Operation Epic Fury, due to concerns over nuclear missiles. Iran's Supreme Leader, Ayatollah Ali Khamenei, was killed, prompting missile strikes on US facilities in Bahrain, Kuwait, Iraq, and the UAE.

Taiwan has responded to increased tensions with China by approving a $40 billion military purchase and pledging 3% of GDP for defense. The Iranian blockade of the Strait of Hormuz threatens Taiwan's oil supply, which constitutes 34.9% of total imports.

Fuel prices are set to rise, impacting the economy. Taiwan's government is prioritizing citizen safety and monitoring the situation closely.