The Middle East conflict that has been building since a ceasefire collapsed in June 2026 took a significant turn this week. Iran launched missiles targeting US-linked military bases in Bahrain, Jordan, and Kuwait, according to IRGC-linked media outlets, marking one of the most direct state-sponsored escalations against American installations in the region in recent memory.
What happened and what the US did about it
The attacks involved both ballistic missiles and drones, according to reports tied to Iranian state-linked sources. Three countries hosting US military infrastructure, Bahrain, Jordan, and Kuwait, were named as targets in the strikes.
Washington’s response was not subtle. The US conducted retaliatory strikes against more than 80 IRGC installations, hitting missile sites and air defense systems across Iran.
Prediction markets are pricing in an increased likelihood of further Iranian military actions against Gulf states as the conflict shows no signs of de-escalation.
