Iran launches six missiles at US Qatar base

Iran fired six ballistic missiles at the US Al Udeid Air Base in Qatar on June 23, 2025, in retaliation for US airstrikes on Iranian nuclear sites.

The missile attack targeted the largest US military installation in the Middle East, which houses about 10,000 troops and serves as the US Air Force headquarters for the region.

Iran’s Islamic Revolutionary Guard Corps (IRGC) described the operation as “Promise of Victory” and stated that it would not leave attacks on its sovereignty unanswered.

Before the missile launch, Iran reportedly warned Qatar in advance, allowing the closure of airspace and precautionary measures.

No casualties were reported, and Qatar reopened its civilian airspace six hours after the strike.

US officials confirmed that all missiles were intercepted, and President Donald Trump called the attack a “very weak response” that was effectively countered.

Trump also thanked Iran for the early warning, which prevented injuries or deaths.

The US strikes targeted three Iranian nuclear sites in Natanz, Fordow, and Isfahan over the weekend, prompting Iran’s missile retaliation.

The attacks have escalated tensions in the region but have not yet triggered a broader conflict.

Market reactions showed an increase in risk assets, with Bitcoin rising from just above $100,200 to over $102,400 and US stock indices like the S&P 500 and Dow Jones posting gains of 0.75% and 0.62%, respectively.

Oil prices declined from over $74 to under $70 per barrel amid relief that the conflict remained limited.

Galaxy Digital CEO Mike Novogratz commented that the US assumption of Iran’s limited retaliation could be “very bullish for Trump and risk assets” if no further escalation occurs.

He cautioned, however, about underestimating the situation, noting the importance of the next 72 hours.

If Iran refrains from a “real counterpunch,” markets could rise further by week’s end.