How the Israel-Iran standoff took a turn and what's next after a pivotal 24 hours

The past 24 hours person been pivotal successful the Israel-Iran conflict, with the U.S. entering the warfare — a determination that has near investors and satellite leaders connected edge.

On Saturday night, American B-2 Spirit stealth bombers and submarines struck 3 of Iran's astir captious atomic sites: Fordo, Natanz, and Isfahan.

The strikes represented the archetypal nonstop enactment that the U.S. had taken against Iran since the state was deed by Israeli attacks earlier successful June.

Israel and Iran had been trading strikes since Israel preemptively attacked it connected June 13, sidesplitting cardinal Iranian subject figures and atomic scientists.

Since then, the satellite has seen reactions from astir the globe implicit the strikes, including from Iran itself, which has called the strikes "outrageous" and vowed "everlasting consequences". Iran's parliament has besides voted to adjacent the captious Strait of Hormuz, endangering vigor supplies.

Here's a roundup of the events since the U.S. attacks happened, and what could hap next.

At 7.50 p.m. Eastern Time, U.S. President Donald Trump announced connected Truth Social that the U.S. had conducted a "very palmy attack" connected the 3 atomic sites, and said "NOW IS THE TIME FOR PEACE!".

The IAEA released two updates aft the strike, saying that Director General Rafael Grossi would telephone an exigency gathering of the IAEA Board of Governors to sermon the decision.

The bureau said it was besides informed by Iranian regulatory authorities that determination has been nary summation successful off-site radiation levels aft the attacks.

The UN Security Council also met connected Sunday to discuss the attack, arsenic Russia, China and Pakistan projected that the UNSC follow a solution calling for an contiguous and unconditional ceasefire successful the Middle East.

China powerfully condemned the U.S. onslaught connected Iran and connected atomic facilities supervised by the IAEA, China's U.N. Ambassador Fu Cong said astatine a UNSC meeting on Sunday.

While U.S. officials, including U.S. Vice President JD Vance and Defense Secretary Pete Hegseth said that the attacks were not meant to enact authorities alteration successful the Islamic Republic, Trump himself raised the anticipation of that happening.

The U.S. president posted connected Truth Social that "It's not politically close to usage the term, "Regime Change," but if the existent Iranian Regime is incapable to MAKE IRAN GREAT AGAIN, wherefore wouldn't determination beryllium a Regime change??? MIGA!!!"

The emergence comes aft Iran's parliament backed closing the captious Strait of Hormuz, wherever astir 20% of the world's lipid transits. The U.S. Energy Information Administration has described it as the "world's astir important lipid transit chokepoint."

However, the last determination to adjacent the Strait lies with Iran's nationalist information council, according to the report.

The Strait presently remains open, but analysts person told CNBC that lipid prices could trial $100 a barrel if Iran closes the Strait and Western forces effort to reopen it by force.

U.S. Secretary of State Marco Rubio on Sunday had besides called for China to forestall Iran from closing the Strait.

China is Iran's largest lipid customer, accounting for the bulk of Iranian lipid exports, and maintains affable relations with the country.

The satellite present waits for Iran's response, aft Iranian Foreign Minister Abbas Araghchi said successful a connection connected X that his federation "reserves each options" successful responding to the attack.

"The events this greeting are outrageous and volition person everlasting consequences," Araghchi said.

Iranian lawman overseas curate Majid Takht Ravanchi told German media that the state volition proceed its uranium enrichment program, and that "no 1 tin archer america what to do", according to Reuters citing Iranian media Tasnim News.

However, if Iran undertakes actions specified arsenic hitting U.S. bases successful the region, the U.S. is apt to retaliate and this would support markets connected edge, helium added.

Vandana Hari, laminitis of vigor quality steadfast Vanda Insights, told CNBC's "Squawk Box Asia" connected Monday that the hazard of closure remains "absolutely minimalistic."

This is due to the fact that if Iran follows through, it runs the hazard of alienating its neighboring oil-producing countries and customers, including China, which accounts for the bulk of Iranian lipid exports, according to the U.S. Energy Information Administration.

There is "so very, precise small to beryllium achieved, and a batch of self-inflicted harm that Iran could do" if it closed the Strait, Hari said.