Iranian strikes caused up to $5 billion in damage to U.S. military bases across the Gulf region, raising concerns in Washington about Pentagon transparency and the cost of military operations. The attacks, which began following U.S.-Israeli strikes, targeted bases in multiple countries, including the UAE and Saudi Arabia. President Donald Trump canceled planned envoy talks with Iran, further escalating tensions between the two nations.
Iran continues to launch missile and drone strikes on Gulf states, prompting a warning from the US Ambassador to the UN. The market has already fully priced in Iran's military actions, with no further developments expected to alter the consensus. Peace negotiations are scheduled for April 11th in Islamabad.
Seizing Iran’s highly enriched uranium stockpile would present significant intelligence, military, and logistical challenges, experts warn. The location of the material remains unclear due to the 2025 strikes and suspended inspections, with some suggesting it may have been moved beforehand. The IAEA cannot verify the size or location of Iran’s enriched uranium reserves.
Israel deployed its Iron Dome air defense system to the UAE for the first time to counter Iranian missile and drone attacks. This deployment reflects the strengthening of military cooperation between Israel and the UAE, following the Abraham Accords. Israeli Air Force also conducted strikes in southern Iran to neutralize short-range missile threats targeting Gulf countries.
Iran’s foreign minister arrived in St. Petersburg to meet with Putin. The meeting aims to discuss relations between the US, Iran, and Russia, and to coordinate drone support provided by Russia to Iran, which involves sharing targeting data for strikes on American military facilities. This reflects the strategic partnership between Iran and Russia.
Amid the US-Israel-Iran conflict, Israel deployed its Iron Dome system to the UAE for the first time, along with military personnel. This deployment reflects the strengthened strategic partnership between the two countries following the Abraham Accords. Israel also conducted airstrikes targeting short-range missile systems in Iran to defend the UAE and other Gulf countries.