Middle East conflict triggers regional crisis and rising global costs

The joint military operation by the United States and Israel against Iran, known as ‘Epic Fury’, launched on February 28, 2026, has triggered a permanent regional crisis. Pentagon reports indicate that between February 28 and June 30, the operation cost approximately $33 billion, with $22.3 billion allocated to ammunition acquisition. Material losses include four F-15 fighter jets, 30 MQ-9 drones, seven tanker aircraft, and one damaged F-35.

The conflict has led to a shortage of interceptor missiles, evidenced by the use of over 70 missiles to defend military installations in Jordan during an Iranian attack. This instability has also impacted global markets, specifically driving up fuel prices. In Spain, these rising costs are affecting air travel, with airlines like Ryanair forecasting capacity cuts and adjusted passenger projections for 2027. Travelers, particularly in the Canary Islands, are increasingly seeking price flexibility and alternative dates due to rising costs and uncertainty regarding long-term travel stability.