Bahrain is intercepting Iranian aerial attacks after Tehran said it struck a US base. A direct US-Iran exchange is the tail risk the tape has been pricing around, not through. Risk-off until the escal

What happened: Bahrain's military said its air defences intercepted several Iranian aerial attacks before they reached their targets. Tehran said it attacked a US base. Why it matters: The reported intercepts and the stated strike on a US base indicate a widening of Iranian military action beyond a single target, drawing in Gulf states hosting US forces. Coverage: 5 outlets in 24h

Bahrain's military said its air defences intercepted several Iranian aerial attacks before they reached their targets. Tehran said it attacked a US base.

The reported intercepts and the stated strike on a US base indicate a widening of Iranian military action beyond a single target, drawing in Gulf states hosting US forces.