The United Arab Emirates issued a formal condemnation of Iranian missile and drone attacks targeting Bahrain and Kuwait on June 6, 2026, calling the strikes acts of terrorism that violate national sovereignty. The diplomatic response came as crypto markets absorbed a brutal hit: over $700 million in leveraged long positions were liquidated within 12 hours of the attacks.
The total market capitalization of digital assets dropped to approximately $2.31 trillion. Meanwhile, Brent crude climbed 1.6% to $97.51 per barrel as traders priced in the possibility of oil supply disruptions.
What happened on the ground
The Iranian strikes hit multiple targets across the Gulf region, including Kuwait International Airport. At least one person was killed and multiple others were injured in the airport attack alone.
The UAE characterized the assaults as direct threats to regional stability. Jordan’s Foreign Ministry issued its own condemnation on the same day, calling the strikes a significant escalation that undermines international law. Both nations reaffirmed their solidarity with Bahrain and Kuwait in defending against the aggression.
