Iranian Forces Launch Major Attack on US Military Installations

The recent missile and drone attack by Iranian forces on US military installations across the Gulf has sent shockwaves through global financial markets.

The assault, carried out by the Islamic Revolutionary Guard Corps, targeted multiple US air bases in Kuwait, Bahrain, Qatar, and the UAE. According to reports, at least 228 structures or pieces of equipment suffered damage at these facilities, with hundreds more Iranian missiles and drones having been launched since the conflict began.

The attacks were framed as retaliatory measures by Tehran following recent US military operations against Iranian interests in southern Iran. While ceasefire discussions between the two nations are described as fragile, further exchanges of fire continue even as diplomats attempt to negotiate a resolution.

As the conflict intensifies, investors have scrambled for the exits, with the global crypto market experiencing a $80 billion loss in value since the attack began. Bitcoin plummeted below $73,000, its lowest level since mid-April 2026, underscoring the significant impact of the conflict on global financial markets.