Iran launches ballistic missiles at US airbase in Jordan; oil prices surge on escalating Middle East tensions.
Macro & Markets ·
Iran launched ballistic missiles at a US airbase in Jordan, according to US officials, in response to a US strike on Iranian positions near the Strait of Hormuz that occurred hours earlier. The strike marked the first known US military action against Iran since late July, and the IRGC has indicated intentions to respond further. Oil prices in US markets moved higher following the incident amid broader Middle East escalation.