US and Iran trade strikes over Strait of Hormuz. Kuwait suffers infrastructure damage

The United States and Iran exchanged strikes targeting military and infrastructure sites on Saturday during a conflict over the Strait of Hormuz. Iranian attacks specifically hit desalination plants in Kuwait, resulting in infrastructure damage. This escalation in the Gulf region carries direct implications for oil prices and crypto markets. The situation reflects deepening tensions as both nations engage in combat operations, impacting critical regional utilities and global economic stability within the volatile Strait of Hormuz area.