Iran Launches Second Night of Retaliation, Striking US-Linked Bases in Kuwait and the UAE; Oil Heads for ~8% Weekly Gain

Early September 3, Iran's military claimed a second consecutive night of retaliatory strikes on US-linked positions in the Gulf, following the September 1 US strikes on IRGC targets near the Strait of Hormuz and a first round of Iranian missile/drone attacks on September 2 against Camp Titin in Jordan, plus Kuwait and Bahrain. Iran's army said it hit satellite-communication systems, equipment depots, and fighter-aircraft hangars at Ahmad al-Jaber Air Base in Kuwait, and struck force positions and radar systems at Al Minhad Air Base in the UAE. Kuwait's air defenses engaged the incoming missiles and drones; Kuwait's foreign ministry called the strikes 'a direct threat to its security and stability' and a breach of international law. A US official said the attacks did not hit any facility where American forces are based, and no casualties or damage were confirmed by host governments; the UAE did not address the Al Minhad claim. Iran separately claimed the earlier US strikes killed 11-18 people, including a disputed strike on a wedding gathering in Sirik (4 dead, Iranian claim, unverified). The renewed multi-front escalation kept oil prices elevated, with Brent crude on track for roughly an 8% weekly gain as shipping through the Strait of Hormuz remained severely disrupted.