Iran strikes Kuwaiti air base with Fateh-110 missile, third attack in 2026

Iran’s Islamic Revolutionary Guard Corps (IRGC) has confirmed an attack on the Ali Al Salem Air Base in Kuwait, according to a report by Fars News. This marks the third such strike by Iran on this base in 2026, part of its escalating “eye-for-an-eye” retaliatory campaign. The attack was carried out by the IRGC Aerospace Force using a Fateh-110 ballistic missile. While Kuwaiti air defenses intercepted the missile, debris caused minor injuries and damaged military equipment. This development comes amid heightened tensions following U.S. military actions against Iranian targets, with both sides engaged in a series of retaliatory measures.

Key Takeaways

• The confirmation by Iran’s IRGC of the attack on the Kuwaiti base appears consistent with increased likelihood of further military actions against Gulf states.
• Market pricing suggests a significant increase in the probability of Iranian military activity in the Gulf region on upcoming dates.
• The reported attack aligns with Iran’s stated “eye-for-an-eye” strategy, indicating persistent regional tensions.

What to Watch

Observers should monitor potential responses from the U.S. and Gulf states, as further escalations could affect market pricing. Any diplomatic efforts or further military actions, particularly involving key regional and international actors, may indicate shifts in the likelihood of continued hostilities. Additionally, developments around the Strait of Hormuz and any changes in Iran’s military strategy could influence market expectations for future actions.

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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.