US and Iran flag. Photo: AA (via Middle East Monitor)
Iran’s Revolutionary Guards said on Wednesday that they launched missile and drone attacks targeting U.S. military installations in Bahrain and Kuwait.
The Guards, according to Reuters, described the operation as retaliation for fresh US strikes on Iran following attacks on commercial tankers in the Strait of Hormuz.
Global oil prices climbed by more than two per cent on Tuesday.
According to Oilprice.com, Brent crude futures rose to 1.73, or 2.52 per cent, to $70.28 per barrel, as traders priced in heightened geopolitical risks.
