Kuwait halted all flights after Iranian missile and drone attacks hit key infrastructure, forcing the shutdown of Kuwait International Airport. Oil prices spiked toward $88 as US forces launched a seventh night of strikes and regional tensions escalated across the Gulf.

Iran launched 39 missiles and drones at Kuwait's vital facilities. Here's why the escalating Gulf conflict matters for crypto investors and Bitcoin.

Kuwait Airways said on Saturday it has rescheduled most flights after the country temporarily suspended operations at Kuwait International Airport