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International · September 2, 2026 · 1 min read

Iran Retaliates Against Kuwait, Bahrain, Jordan and Iraq as War Resumes

By Econ Data Tools Editorial Team

Published September 2, 2026

Iran struck four Gulf neighbors early Wednesday after fresh U.S. strikes, while Brent crude held near $94 and the Iranian rial hit a record low.

**Iran strikes four Gulf neighbors:** After fresh U.S. strikes overnight, Iran fired missiles and drones early Wednesday at Kuwait and Bahrain (no casualties reported), targeted U.S. bases in Jordan (intercepted), and sent 10 explosive drones toward Kurdish-controlled Irbil in Iraq (also intercepted) — the first such regional retaliation after roughly a month-long lull in the fighting. **Oil holds near highs, rial craters:** Brent crude is trading around $94.28/barrel and WTI near $89.58, both still up sharply — Brent roughly 30% above pre-war levels — while Iran's rial hit a record low of about 2.2 million rial per dollar, down roughly 10% in a week as capital flight accelerates.

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