{"id":62977,"date":"2026-06-10T23:38:20","date_gmt":"2026-06-11T03:38:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/middle-east-escalation-iran-strikes-u-s-bases-in-jordan-and-bahrain-amid-major-west-bank-settlement-push\/62977\/"},"modified":"2026-06-10T23:38:20","modified_gmt":"2026-06-11T03:38:20","slug":"middle-east-escalation-iran-strikes-u-s-bases-in-jordan-and-bahrain-amid-major-west-bank-settlement-push","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/middle-east-escalation-iran-strikes-u-s-bases-in-jordan-and-bahrain-amid-major-west-bank-settlement-push\/62977\/","title":{"rendered":"Middle East Escalation: Iran Strikes U.S. Bases in Jordan and Bahrain Amid Major West Bank Settlement Push"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iran&#39;s IRGC launched 12 ballistic missiles<\/strong> targeting U.S. aircraft and facilities at <strong>Al-Azraq Air Base<\/strong> in Jordan, claiming to have hit F-35 hangars and command centers.<\/li>\n<li><strong>Bahrain and Jordan activated air defenses<\/strong> to intercept multiple Iranian drones and missiles; Bahrain\u2019s king\u2019s media adviser confirmed the neutralization of &quot;treacherous&quot; airborne threats.<\/li>\n<li><strong>Israel&#39;s cabinet is set to approve $350 million<\/strong> for the establishment of <strong>61 new settlements<\/strong> in the West Bank, a move led by Finance Minister Bezalel Smotrich that significantly expands Israeli territorial control.<\/li>\n<li><strong>Global <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> surged over $2.00 per barrel<\/strong> following Iran&#39;s declaration that the <strong>Strait of Hormuz<\/strong> is closed, a critical chokepoint for global energy supplies.<\/li>\n<li><strong>The Trump administration faces a dual crisis<\/strong> as it attempts to manage direct military exchanges with Tehran while its regional allies come under fire.<\/li>\n<\/ul>\n<p>The Middle East has entered a period of intense military and political volatility as <strong>Iran\u2019s Islamic Revolutionary Guard Corps (IRGC)<\/strong> launched a coordinated wave of missile and drone strikes against U.S. military assets in <strong>Jordan, Bahrain, and Kuwait<\/strong>. Iranian state media reported that <strong>12 ballistic missiles<\/strong> were fired specifically at the <strong>Al-Azraq Air Base<\/strong> in Jordan, targeting hangars housing American F-35 fighter jets and a command-and-control center. Jordanian authorities immediately advised civilians to seek cover as air defenses engaged the incoming projectiles.<\/p>\n<p>In a parallel escalation, <strong>Bahraini air defenses<\/strong> intercepted and neutralized Iranian airborne threats over its territory early Thursday morning. The king\u2019s media adviser described the attacks as a violation of sovereignty, while reports from Manama indicated that several loud explosions were heard near the <strong>U.S. Navy\u2019s Fifth Fleet<\/strong> headquarters. The IRGC claimed these strikes were in retaliation for recent U.S. &quot;self-defense&quot; airstrikes on Iranian air-defense and radar sites near the <strong>Strait of Hormuz<\/strong>.<\/p>\n<p>Amidst the regional military flare-up, the Israeli cabinet is expected to finalize a massive <strong>$350 million funding plan<\/strong> for the de facto establishment of <strong>61 new settlements<\/strong> in the occupied West Bank. The proposal, championed by Finance Minister <strong>Bezalel Smotrich<\/strong>, seeks to allocate budget for temporary housing and infrastructure before formal planning is complete. This move is strategically timed before a potential vote to dissolve the <strong>Knesset<\/strong>, ensuring the expansion is locked in despite shifting political winds.<\/p>\n<p>The economic impact of the conflict was immediate, with <strong>crude oil prices<\/strong> spiking as Iran declared the <strong>Strait of Hormuz<\/strong> closed to all maritime traffic. Market analysts warn that a prolonged closure of this waterway could lead to severe energy shortages and further inflationary pressure on the global economy. Investors are closely monitoring the <strong>United States\u2019<\/strong> next move, as President <strong>Donald Trump<\/strong> warned that Tehran would &quot;pay the price&quot; for stalling peace negotiations and continuing its regional aggression.<\/p>\n<p>On the ground in the West Bank, the new settlement plan targets strategically sensitive areas, including the <strong>Jordan Valley<\/strong> and the <strong>South Hebron Hills<\/strong>. By creating territorial continuity between existing outposts, the plan effectively undermines the prospect of a future Palestinian state. International observers and the <strong>United Nations<\/strong> have previously condemned such expansions as illegal under international law, but the current Israeli government appears committed to creating &quot;facts on the ground&quot; during the broader regional chaos.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iran&#39;s IRGC launched 12 ballistic missiles targeting U.S. aircraft and facilities at Al-Azraq Air Base in Jordan, claiming 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