Iran Strikes U.S. Military Assets in Bahrain and Kuwait

The military of Iran conducted strikes on United States military assets located in Bahrain and Kuwait on Friday, August 1, 2026. These attacks sparked immediate volatility in global energy and financial markets.

Crude oil prices rose sharply following the strikes, with West Texas Intermediate crude for September delivery increasing 1.77 percent to $85.07 per barrel. This surge in energy costs caused U.S. 10-year treasury yields to climb to their highest levels since early 2025.

Despite the geopolitical instability, major U.S. stock indices ended the day higher. Wall Street gains were primarily supported by Amazon Inc., which reported strong revenue and cloud growth.