The U.S. military has retaliated against Iran by launching strikes on an Iranian ground control station on Qeshm Island, near the Strait of Hormuz, after Iran's failed missile attacks on Kuwait and Bahrain.

The targeted Iranian facility also houses a desalination plant.

Dow Futures Slip As Markets Weigh Growing Iran Risks Dow futures were down 91 points, or 0.18%, to 51,311, while S&P 500 futures fell 6.50 points, or 0.09%, to 7,617.75, and Nasdaq 100 futures dropped 32.00 points, or 0.10%, to 30,680.75 as of around 3:22 a.m.

EDT.

In commodities, WTI crude oil climbed 1.71% to $95.29 per barrel.