Iranian military drones targeted US Fifth Fleet in Bahrain in response to southern US strikes

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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.

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