Tugboat Daily Brief - Iran-Israel Conflict - 2026-06-29
The US launched airstrikes on Iranian military infrastructure, prompting Tehran to fire ballistic missiles at American bases in Kuwait and Bahrain. Global energy markets reacted with cautious hesitation as diplomatic efforts to secure a pause in Doha face resistance from both sides.
Key Developments
The US launched airstrikes on Iranian military infrastructure on the Sirik and Qeshm Islands in response to attacks on commercial shipping.
Iran retaliated by firing ballistic missiles and drones at American bases in Kuwait and Bahrain, expanding the conflict zone.
Gulf states activated air…
The skinny
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