Iranian missile attacks on Kuwait and UAE were carried out in response to "the clear violation of the ceasefire" following attacks on Iran's Siri and Lavan islands, alongside Israel's attacks in southern Lebanon, SNN reports

The Iranian missile attacks on Kuwait and the UAE represent a significant escalation in regional tensions, signaling a potential shift in geopolitical stability. Such actions can impact oil prices given the proximity to vital shipping lanes, and may lead to a flight to safety in currencies like the USD. This could further complicate the current dynamics in energy markets and overall risk sentiment across asset classes.