Iranian drone strikes hit Terminal 1 of Kuwait International Airport on June 3, forcing a complete airspace shutdown. Emergency responders confirmed one fatality and 63 injuries as flights were diverted across the region.
Airspace remained closed for approximately two hours before operations resumed at 6:15 a.m. on June 6. During the disruption, Kuwait Airways and Jazeera Airways rerouted 11 flights to nearby airports.
The attack targeted critical infrastructure in a nation hosting multiple U.S. military bases. This incident marks an escalation in regional tensions following military exchanges between the U.S., Iran, and Israel that began in late February.
Global financial markets reacted immediately to the geopolitical shock. Leveraged crypto traders faced significant losses as risk-off sentiment spread through digital asset markets.
Bitcoin liquidations surged between $300 million and $1 billion during conflict-related volatility sessions. The cryptocurrency dropped from $72,000 to $63,000, erasing weeks of gains within hours.
Market data indicates leverage remains dangerously high relative to current geopolitical risks. Investors are now closely monitoring U.S.-Iran relations and exchange funding rates for signals of rebuilding leverage.