Iran launched a barrage of ballistic missiles and drones targeting Bahrain on June 10, striking areas in the capital Manama and nearby Hamad Town. The crypto market’s response was immediate and brutal: roughly $700 million in liquidations swept through trading positions as investors scrambled for the exits.
Bahrain’s defense systems intercepted the majority of the incoming projectiles. But “majority” isn’t “all,” and falling debris caused property damage in civilian areas and injured an 11-year-old girl.
What happened and why
Iran’s Islamic Revolutionary Guard Corps claimed responsibility for the strikes, framing them as retaliation against what they called American aggression. The IRGC stated the attacks were aimed at US military facilities, including the US Navy’s Fifth Fleet base in Bahrain.
The strikes didn’t stop at Bahrain’s borders. Sites in Kuwait and Jordan were also targeted as part of the broader assault, widening the geographic scope of the conflict in a single evening.
