• Economy Minister Amir Bissat convened an emergency meeting Satur⁠day, confirming that Lebanon's wheat stockpiles cover at least two months of consumption, with additional grain shipments already contracted and en route to Lebanese ports.
• Supermarket inventory covers roughly one month, while external stock adds another 3–4 months of buffer; the ministry is pressing port management to accelerate the release of all food cargo already docked.
• Health Minister Rakan Nasreddine held a parallel emergency session with pharmaceutical importers, manufacturers, and pharmacists, with the ministry confirming strategic reserves of essential and chronic-illness medications sufficient for more than three months.
• Both the importers' syndicate and the pharmacists' union warned against panic-buying drugs, cautioning that hoarding disrupts supply chains and harms patients who need medications most.

Why it matters: In a country where 2019-era bank runs and 2020-era fuel queues are still fresh wounds, the government moving quickly and publicly to reassure citizens—rather than letting rumors spiral—is itself a meaningful shift in crisis communication.

• Beirut Port management announced Satur⁠day it will operate around the clock—24 hours a day—following direct instructions from the Prime Minister's office and Public Works Minister Fayez Rasamy, specifically to accelerate the clearance of essential goods.
• The port placed all administrative, technical, and logistics teams on full readiness, coordinating with relevant authorities to maintain safety and security standards while maximizing throughput during the regional crisis.
• The decision explicitly targets food security and health supply continuity, with the port framing the move as protecting the national economy and ordinary citizens rather than a routine operational upgrade.

The backstory: Beirut Port has been operating under a cloud since the catastrophic Aug⁠ust 2020 explosion that killed over 200 people and devastated the capital. Rebuilding institutional trust around the port has been slow and politically fraught—which makes this kind of proactive, coordinated decision unusually significant.

Zooming out: A fully operational Beirut Port processing essential imports around the clock is the kind of logistical backbone Lebanon needs during any regional disruption—and a reminder of how critical functional infrastructure is to national resilience.

• Pegasus Airlines cancelled all flights to and from Beirut Rafic Hariri International Airport through at least Mar⁠ch 2, citing ongoing airspace restrictions across the Middle East affecting Lebanon, Iraq, Jordan, and Iran.
• The cancellations extend across the wider region—flights to UAE, Kuwait, Oman, Qatar, Saudi Arabia, Bahrain, and Pakistan were also grounded as of Feb⁠ruary 28, signaling a broad airspace disruption rather than a Lebanon-specific issue.
• The airline is monitoring the situation in real time, warning that additional cancellations beyond Mar⁠ch 2 remain possible depending on how the regional picture evolves.

What to watch: Whether other major carriers follow suit with extended cancellations will determine how severely Lebanon's connectivity—and the diaspora's ability to reach home—is disrupted in the days ahead.

• Iranian Supreme Leader Ayatollah Ali Khamenei, 86, was killed Satur⁠day after the US and Israel launched massive aerial strikes on Tehran, with Iranian state television confirming his death early Sun⁠day as the announcer broke down in tears on air.
• Iran's semi-official Fars news agency reported that Khamenei's daughter, son-in-law, and granddaughter were also killed in the strikes; the Supreme National Security Council vowed to avenge what it called his "martyrdom."
• US President Trump announced the killing on Truth Social, stating that "heavy and pinpoint bombing" would continue "uninterrupted throughout the week or as long as necessary," according to the New York Times, while calling on Iranians to take back their country.

What to watch: With the IRGC's role now central to any succession scenario and Iran vowing retaliation, the next 72 hours will likely determine whether the conflict escalates into a broader regional war or opens a political vacuum inside Iran.

• Iran's Revolutionary Guard Corps sealed the Strait of Hormuz on Feb⁠ruary 28 following US-Israeli strikes, warning ships the passage was "unsafe," with the EU naval mission intercepting radio transmissions blocking transit through the world's most critical oil chokepoint, which carries 20–30% of global maritime crude shipments.
• Iranian missiles and drones struck Dubai in retaliation, setting fire to the grounds of the five-star Fairmont Hotel, forcing evacuation of the Burj Khalifa, and suspending flights indefinitely at Al Maktoum International Airport, according to Middle East Eye.
• Saudi Crown Prince Mohammed bin Salman and UAE President Mohammed bin Zayed held an emergency call Satur⁠day despite months of diplomatic tensions between the two countries, signaling the severity of Iranian strikes on Gulf security and economic stability.

The bigger picture: By targeting Dubai—a city whose entire brand is built on being a safe, neutral business hub—Iran may have permanently repriced the Gulf's reputation as a stable investment destination, with property markets and investor confidence now directly in the crossfire.

• Iraq exports roughly 3.6 million barrels of oil per day, with the vast majority transiting the Strait of Hormuz from southern Basra ports; oil accounts for more than 90% of government revenues, including all public sector salaries and social spending.
• Iraqi economist Nabil al-Marsumi estimates that a full Hormuz closure would collapse Iraqi exports from 3.4 million barrels per day to just 210,000—covering only 14% of the government's monthly public sector wage bill even if oil prices surged to $150 per barrel.
• Unlike Saudi Arabia, which has an East-West pipeline to the Red Sea with 5 million barrel-per-day capacity, Iraq has no viable alternative export route; its Kirkuk-Ceyhan pipeline to Turkey operates well below its theoretical 1 million barrel-per-day capacity due to technical and security challenges.

Zooming out: Iraq's near-total dependence on a single commodity exported through a single maritime corridor makes it one of the most economically exposed states to this conflict—even though Baghdad has tried to stay neutral between Tehran and Washington.