On Wednesday, Iran launched ballistic missiles and drones at U.S. military bases in Bahrain and Kuwait after American jets bombed Iranian radar sites.
The Iranian Revolutionary Guard Corps (IRGC) targeted the U.S. Fifth Fleet headquarters in Bahrain, while a separate strike on Kuwait’s main airport killed at least one civilian. These hostilities were triggered by the recent downing of a U.S. military helicopter over the Strait of Hormuz, a vital artery for global energy supplies. While Washington describes its actions as "straightening out unfinished business," Tehran maintains it will leave no threat unanswered.
Global oil markets are bracing for volatility as diplomats frantically attempt to salvage peace talks before a full-scale regional war erupts.
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