On June 3, world oil prices continued to rise after new military actions related to Iran raised concerns about regional security and the risk of disruption to global energy supplies.
According to the US Central Command (CENTCOM) on June 3, Iran launched missiles aimed at Bahrain, Kuwait and some other targets in the region. 2 missiles aimed at Kuwait did not reach the target or were broken during flight. 3 missiles aimed at Bahrain were intercepted, while many other ballistic missiles also failed to reach the intended target.
The latest developments have pushed oil prices up more than 1% in early-day trading. The conflict is still in a deadlock under a fragile ceasefire, while maritime activities across the Strait of Hormuz are largely stalled.
Since the conflict broke out at the end of February, Iran has repeatedly attacked locations in the Gulf region, where US military bases are located.
CENTCOM on June 2 (US time) said that the US military also shot down Iranian drones targeting civilian ships in the area and US forces in Kuwait. The US also launched attacks on Qeshm Island near the Strait of Hormuz after attack efforts from Iran.
Meanwhile, Iranian state media reported that the Iranian Islamic Revolutionary Guard Corps (IRGC) used missiles and drones to attack the US 5th Fleet headquarters in Bahrain, along with an airbase and helicopters in a country in the region. Tehran said this was a response to the attack they accused the US of carrying out on a communication tower south of Qeshm Island.
The US side affirmed that all attacks failed and that its forces are still ready to deal with what they call "unprovoked aggression" from Iran. Last week, Iran and the US said they had reached an initial preliminary agreement to end the hostilities, but the two sides have not yet officially signed this document.
Iranian media reported that Tehran has not contacted Washington in recent days. However, US President Donald Trump affirmed that negotiations are still ongoing.
