Iran launched a ballistic missile at a US military base in Kuwait on May 27 at 10:17 p.m. ET. Kuwaiti air defenses intercepted it before it could reach its target, and no casualties or damage were reported.
US Central Command labeled the strike an “egregious ceasefire violation.” It was the latest move in a cycle of retaliatory actions between Washington and Tehran that has defined much of 2026.
For crypto markets, the geopolitical tremor hit hard and fast. Bitcoin fell below $73,000 in the immediate aftermath, and nearly $1 billion in leveraged positions were liquidated across the broader crypto market.
What happened in Kuwait
The missile strike followed a pattern that has become grimly familiar this year. Iranian drones had already been launched near the Strait of Hormuz before the ballistic missile was fired at Kuwait. US forces intercepted those drones as well.
