Iran's IRGC Strikes US Bases in Middle East
Analysis based on 14 articles · First reported Mar 07, 2026 · Last updated Mar 16, 2026
The escalating military conflict between Iran and the United States, with the involvement of the Israel===Shin Bet, is likely to increase geopolitical risk premiums, particularly in the Middle East. This could lead to higher oil prices due to supply concerns and increased volatility in defense sector stocks.
The Islamic Revolutionary Guard Corps (IRGC) has launched the 51st wave of Operation True Promise 4, conducting missile and drone strikes against US military installations across the Middle East, including air bases in Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, and Jordan. These actions are in retaliation for alleged American-Israeli hostilities and aggression against Iran, which reportedly targeted civilian infrastructure. The IRGC has also warned the United States to evacuate its industrial facilities in the region, accusing them of attacking Iranian civilian factories. Iranian Foreign Minister Abbas Araghchi has urged neighboring states to expel US forces, citing the ineffectiveness of the US security umbrella. The Iranian Red Crescent Society reports significant damage to civilian structures in Iran and casualties from US and Israeli bombardment.
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