Kuwaiti army says their defences are currently intercepting Iranian missiles and drones
Newsquawk Staff ·
Kuwaiti army says their defences are currently intercepting Iranian missiles and drones.
What it means
The report of the Kuwaiti army intercepting Iranian missiles and drones indicates a significant escalation in regional tensions and potential conflict dynamics in the Middle East. This could lead to increased volatility in oil prices and safe-haven assets like gold, as geopolitical risks heighten market uncertainty. Traders should watch for responses from broader markets and any changes in oil supply expectations.
Sources
- Explosions were reportedly heard in Iran's port city of Sirik, with claims that US forces struck an anti-ship missile launcher targeting vessels in the Strait of Hormuz, Israel's Channel 12 reports
- Iranian missiles were reportedly launched towards the Strait of Hormuz, Sabereen News reports
- US military is reducing troop presence at bases across the Middle East, while the State Department is ordering further staff reductions at diplomatic posts amid regional threats and potential US military action against Iran, NBC News reports
- Iran threatens to target US political figures if strikes resume, Fars News reports
- Newsquawk Daily Asia-Pac Opening News - 22nd October 2026
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