Crypto outflows from Nobitex, Iran’s largest cryptocurrency exchange, surged 700%, according to blockchain analytics firm Elliptic. The spike was capital flight, executed in real time, by Iranians racing to move money out of a country suddenly under full-scale military bombardment.

Explosions were reported in Tehran as Israel launched fresh air strikes, while Iran claimed it had targeted Netanyahu’s office in retaliatory missile attacks.

Damaged buildings, shops and vehicles in the Nilufer Square area of Tehran, Iran, following an airstrike. Video: Anadolu via Reuters

Across Iran’s capital, explosions rang out overnight as the U.S. and Israel pounded Iran with airstrikes. Iran and its allies have hit back against Israel and neighboring Gulf states.

President Donald Trump announced "major combat operations" against Iran on Saturday, with daytime strikes in the joint U.S.-Israel attack targeting military and government sites, officials said. On Sunday, Iranian state television confirmed that Ayatollah Ali Khamenei was among those killed by airstrikes in Tehran on Saturday

Iran’s Islamic Revolutionary Guard Corps has ruled out talking, sending a clear message that the remaining leadership in Iran is prepared to fight, rather than take instructions from Washington.

Khawaja Asif alleged that the war on Iran was driven by a “Zionist” agenda aimed at extending Israel’s influence up to Pakistan’s borders.

Days after the US and Israel first launched strikes against Iran, the conflict is widening by the hour, drawing in other countries across the region, sparking fears for the global economy and leaving thousands of travelers stranded.