The Iranian Islamic Revolutionary Guards Corps (IRGC) conducted military strikes targeting US forces, including air defence systems, in Bahrain and Kuwait on Tuesday, according to FX Street. The attacks mark a significant escalation in regional tensions involving US military presence in the Gulf.

The Guardian also reported the IRGC's actions, confirming that multiple US military installations in both Bahrain and Kuwait were targeted. Details regarding the extent of damage or casualties have not been disclosed.

For Japanese investors and traders, developments in the Gulf region remain critical as they can influence global oil supply and risk sentiment across foreign exchange and equity markets.