Gulf stock markets retreated on Wednesday after Iran fired missiles at U.S.-led forces in Iraq in retaliation for the killing of an Iranian military commander last week.
Iranian state television said Iran had fired 15 missiles at U.S. targets. The U.S. military said at least two Iraqi facilities hosting U.S.-led coalition personnel were targeted. Iraq said 22 missiles were fired.
Iranian Foreign Minister Jawad Zarif called the attack "proportionate measures in self-defense," adding that "we do not seek escalation or war."