Kuwait says Iran-backed drones target fuel tanks at Kuwait Airport casing a large fire

This incident highlights rising tensions in the region, with Iran's involvement potentially leading to broader conflicts or escalations.

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Explosions reported in US bases in Bahrain and Kuwait

Iranian Foreign Minister Araghchi reiterates Strait of Hormuz is closed to countries at war with Iran and says the US President must change his approach, also noted that a gaurantee from 1-2 countries or from the UN Security Council is not enough

Kuwait says Iran-backed drones target fuel tanks at Kuwait Airport casing a large fire

Iran's Foreign Minister Araghchi says Iran has zero trust in the US and dismisses the effectiveness of any potential ground operation targeting Iran

India grants one-time customs duty relief for goods made in special economic zone and sold into domestic market

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The immediate implications could impact oil prices and security perceptions, making related assets like oil, gold, and safe-haven currencies more reactive. Traders should be cautious, as this could signal further instability that might influence regional markets significantly.

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