Ongoing US-Israel military operations against Iran since February 2026 have prompted Iranian missile and drone strikes on US assets and civilian infrastructure in Kuwait and other Gulf states as part of a strategy of horizontal escalation. These attacks, including repeated targeting of power facilities and bases in July 2026 amid renewed hostilities after a brief ceasefire, aim to impose costs on hosts of US forces and disrupt Strait of Hormuz shipping without committing ground troops. Kuwait has intercepted drones and maintained diplomatic channels with Tehran while hosting coalition operations. No large-scale ground invasion has occurred, reflecting Iran’s emphasis on asymmetric capabilities, regional deterrence calculations, and the logistical barriers to conventional advances across the Gulf. Scheduled diplomatic or military de-escalation talks could further shape trader assessments of near-term risks.
Governor
Will Ismael Burgueño Ruiz win the 2027 Baja California Governor Election?
41%
+144
▲ 33.0 pp
+144
▲ 33.0 pp