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Nairametrics
Home Business News

Iran retaliates after US-Israel strikes, fires missiles at regional bases 

Israel Ojoko by Israel Ojoko
February 28, 2026
in Business News
Israel-Iran conflict triggers Bitcoin to temporary dip below $60,000
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Iran has launched retaliatory missile strikes against American military installations across the Middle East, with a reported direct hit on the US Navy’s Fifth Fleet headquarters in Bahrain.

Bahrain’s National Communication Centre confirmed on Saturday that a missile struck a service facility at Naval Support Activity Bahrain in the Juffair/Mina Salman port area.

The escalation comes hours after the United States and Israel carried out coordinated strikes on targets in Tehran and other parts of Iran.

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What they are saying 

In a statement, Bahrain’s National Communication Centre said:

  • “The Fifth Fleet’s service centre was subjected to a missile attack. We will provide details later.” 

The facility serves as the headquarters of the US Navy’s Fifth Fleet, which oversees naval operations in the Gulf region.

The United States Central Command (CENTCOM), responsible for US military operations in the Middle East, had not issued an official statement at the time of reporting regarding the extent of damage or possible casualties.

Iran also fired ballistic missiles toward Israel. Israeli defence systems reportedly intercepted several of the incoming projectiles.

Backstory 

The strikes follow Israeli attacks earlier in the day on Tehran and other Iranian targets. The United States subsequently joined the operation, described by the Department of Defense as “Operation Epic Fury.” 

Iranian officials had previously warned that any military action on its territory would prompt retaliation against US military bases in neighbouring countries.

Reports indicate that additional Iranian missile launches targeted other facilities in the region hosting American forces.

More insights 

Qatar confirmed intercepting two Iranian missiles over its airspace. The country hosts Al Udeid Air Base, a major US military installation and forward headquarters for American air operations in the region.

  • In the United Arab Emirates, explosions and smoke were reported in Abu Dhabi, leading authorities to temporarily close the country’s airspace.
  • The UAE is home to Al Dhafra Air Base, another key US military facility.

Sirens were also reported in Jordan’s capital, Amman, amid claims of missile activity near US-linked sites. Kuwait and other Gulf nations hosting American troops issued precautionary shelter-in-place directives.

What you should know 

Amid heightened military tensions, oil prices fell on Friday following extended nuclear talks between the United States and Iran, which helped ease concerns about potential supply disruptions.

  • Brent crude futures dipped 5 cents to $70.70 per barrel, while US West Texas Intermediate (WTI) fell 1 cent to $65.20.
  • For the week, Brent was on track to decline by 1.8%, while WTI was set for a 2.2% drop, reversing some of the gains recorded in the previous week.
Israel Ojoko

Israel Ojoko

Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.

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