Global oil prices have surged nearly 2% following the attacks on Kuwait, which have tested the delicate ceasefire between Iran and the United States of America.
Kuwait International Airport suspended flights after an Iranian drone and missile assault damaged airport infrastructure and diplomatic missions, resulting in one fatality and over 60 injuries, as reported by Kuwaiti authorities and state media.
Kuwait Airways and Jazeera Airways subsequently resumed operations, according to the country’s officials.
However, Iran’s Revolutionary Guard claimed it did not target Kuwait’s airport and attributed the damage to US interceptor missiles that missed their intended targets, as stated by Iranian state media.
In contrast, the US military refuted this claim, asserting that Iranian drones intentionally struck the airport.
Earlier reports from Iranian media indicated that the Revolutionary Guard had attacked the US Fifth Fleet headquarters in Bahrain, a US airbase, and a vessel.
US Central Command denied that its bases had been struck, also announcing that it had conducted new “defensive strikes” in southern Iran.
Iranian negotiations with the US remain ongoing, though no advancements have been achieved, as stated by Iranian Foreign Minister Abbas Araqchi during an interview with Lebanese broadcaster Al Mayadeen on Wednesday.
Donald Trump previously suggested that a deal could be reached as early as this weekend.
“I hear the negotiation itself is going very well actually,” he remarked at the White House. “If it happens, it could happen over the weekend.”
He also mentioned in a podcast that Iranian Supreme Leader Mojtaba Khamenei was participating in the negotiations.
Oil prices fell following news of the Israel-Lebanon truce, with both primary crude contracts declining by more than 1% after nearing $100 earlier this week.
