Iran launched missile attacks on US military bases in Qatar and Iraq, prompting regional escalation and international responses, while Iran and other nations issue warnings and seek de-escalation amid heightened tensions in the Middle East.
Oil prices dropped sharply and US stocks rose after Iran launched missile attacks on US bases, with traders betting Iran's response would be limited, leading to relief in markets and a decline in oil prices below $70, despite geopolitical tensions.
Oil prices dropped over 7% following Iran's missile attacks on U.S. bases in Qatar, amid escalating Middle East tensions after U.S. and Israeli strikes on Iran's nuclear sites; despite threats to close the Strait of Hormuz, oil flow remains stable, and the market's response has been relatively muted compared to past conflicts.
Iran-backed Iraqi militia Kataib Hezbollah has threatened to attack US military bases and disrupt regional maritime routes if the US joins the Iran-Israel conflict, amid ongoing tensions and US diplomatic efforts to avoid military escalation. President Trump has indicated a two-week window for negotiations with Iran before deciding on military action, emphasizing diplomacy and Iran's nuclear restrictions.
Iran is reportedly preparing missiles and military equipment for potential strikes on U.S. bases in the Middle East if the U.S. joins Israel's conflict against Iran, heightening fears of a broader regional war involving proxy attacks and military escalations.
Islamist militia linked to Iran have launched a series of attacks on US bases in Syria and Iraq, raising concerns of a regional escalation. The attacks, claimed by groups controlled by Tehran or sharing the ideology of other groups fighting Israel, have resulted in injuries to US soldiers and the death of a civilian contractor. The US is deploying anti-missile batteries to protect its bases and allies, while Joe Biden has ordered two aircraft carriers to the eastern Mediterranean. Meanwhile, the war between Israel and Hamas continues, with rising death tolls and the threat of further escalation. Iranian-backed groups have also threatened attacks on US military bases in the UAE and Kuwait. The situation highlights Iran's extensive network of proxies and the potential for a wider regional crisis.