Iranian military drones targeted US Fifth Fleet in Bahrain in response to southern US strikes
- Gold Price Forecast: Oil Price Breaking $100 Fuels Inflation Concerns, Will Gold Prices Fall Further?
- Gold Price Trend Forecast: Expectations of Easing US-Iran Tensions Boost Gold Prices, $4,070 Becomes Key Level for Bulls and Bears
- Gold rallies to over two-week high, eyes $4,150 as traders track US-Iran diplomacy efforts
- Euro declines to near 1.1400 as US launches fresh strikes on Iran
- Tesla Q2 Earnings Preview: Record Deliveries Fail to Hide Profit Pressure, Can Musk Rely on AI and Autonomous Driving to Unlock New Growth Space?
- WTI climbs above $87.00 as Middle East conflict threatens key choke points

The Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday.
Earlier, Iran’s joint military command said that its armed forces will give a ‘“crushing and decisive” response to any “aggression” from the US in the region.
On Wednesday, the Iranian military stated that the Strait is "closed to all vessels, including oil tankers and commercial ships," effective immediately, and "any vessel attempting to transit the strait will be targeted." Meanwhile, US Central Command (CENTCOM) said that commercial ships are continuing to transit “in and out of the Strait of Hormuz tonight,” contradicting claims from Iran that the strait has been closed.
Market reaction
Crude oil prices attract some buyers following this headline. At the time of writing, the West Texas Intermediate (WTI) is up 0.41% on the day at $90.70.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.





