Ongoing U.S.-Iran military exchanges since February 2026 have driven repeated Iranian missile and drone strikes on Kuwaiti ports, airports, infrastructure, and sites linked to U.S. forces, alongside IRGC threats targeting tankers near Kuwaiti and Bahraini facilities as of mid-October. Kuwait has issued formal condemnations at the UN, citing violations of sovereignty and freedom of navigation in the Strait of Hormuz, while invoking Security Council Resolution 2817 and rejecting any use of its territory for attacks. Recent detentions of alleged IRGC operatives near Kuwait’s borders and expanded Iranian prohibited zones have further strained relations. Trader assessments of additional qualifying strikes by specific dates reflect these patterns of retaliation, diplomatic pressure for de-escalation, and risks of broader regional escalation tied to Hormuz shipping and proxy activity.