Iran’s Islamic Revolutionary Guard Corps claimed responsibility for launching ballistic missiles at the Al Udeid Air Base in Qatar on July 12, a facility that serves as a critical hub for US fighter aircraft maintenance and command operations in the region. Qatar’s Ministry of Defence reported that its air defenses successfully intercepted several missiles and drones, with no casualties reported.

The attack, which the IRGC described as a “second phase of retaliatory operations,” sent immediate ripples through financial markets. Bitcoin dipped near $63,000, while oil prices surged to around $80 per barrel.

What happened at Al Udeid

Al Udeid Air Base, located southwest of Doha, is one of the largest US military installations in the Middle East. It hosts thousands of American service members and serves as the forward headquarters for US air operations across the region.

The IRGC’s strike reportedly involved a combination of ballistic missiles and drones aimed at facilities used for fighter jet maintenance and command coordination. Qatar’s air defense systems intercepted the incoming threats, and no fatalities were reported.