Iranian missiles and drones continue to target Gulf countries, leading to Bahrain’s state oil company declaring force majeure after its refinery was hit in an Iranian attack. Gulf airspace has been closed and oil production disrupted due to retaliatory attacks by Iran on US assets in the region. Saudi Arabia intercepted drones, while the UAE, Qatar, and Kuwait reported missile strikes. The situation escalated with Israel targeting infrastructure in Iran after Mojtaba Khamenei was named the new supreme leader following his father’s death in joint US-Israeli strikes. The conflict has led to a surge in oil prices, with President Trump downplaying the impact on the US. The International Atomic Energy Agency has not found evidence of Iran pursuing a nuclear weapon.
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