Key Takeaways:
U.S. strikes in Iran and IRGC retaliation in Kuwait threatened Qatar peace talks on Thursday. Bitcoin fell 3.6% to $72,622, wiping out $870 million in total long positions over 24 hours.The escalation will likely torpedo future diplomacy and embolden anti-settlement hardliners.According to reports, the latest U.S. military strikes targeted a strategic site in the Iranian port city of Bandar Abbas. In retaliation, Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly launched strikes against a U.S. military base in Kuwait, where local authorities confirmed that air defense systems engaged incoming missiles and drones.
