Iranian Attacks Strike United States Military Base in Bahrain

Explosions and warning sirens were reported in Bahrain this Sunday. The local government advised residents to seek shelter and remain calm amid the instability in the region.

Iran's Revolutionary Guard claims to have carried out a drone attack involving six units against a helicopter base in Bahrain. The operation targeted an air defense radar system used by the United States at the Al-Riffa base.

The Iranian military command declared the closure of the Strait of Hormuz. The organization promises harsher responses should further aggression occur from the United States within the territory.

Bahrain hosts a major American naval base and has been the target of rising tensions since the conflict began in February. The region serves as a strategic point for global oil transport and energy infrastructure.

The rise in geopolitical tension in the Persian Gulf increases risk aversion in international markets and tends to pressure the dollar exchange rate and Bitcoin volatility.