A wave of loud explosions was reported over Al-Azraq Air Base in Jordan, according to reports including from Ynet. The blasts were likely Iranian missiles being intercepted over the northern part of the country. Al-Azraq has served as a key hub for US and coalition forces in the region, making it a strategically significant location amid the escalation.

Earlier, there were also reports of attacks on the Muwaffaq al Salti Air Base, Jordan's principal air force installation.

There has been no response yet from the US side, which may be because markets are open. Iran is now launching pre-emptive attacks, and the US will have three days of closed markets to respond, should it choose to do so.

In oil markets, WTI was last down 32 cents at $91.01, having traded in a range of $88.72 to $92.17 on the day in choppy trading. On a wider view, prices are testing the top end of the recent range. Heightened conflict involving Iran, a major oil producer that sits astride the Strait of Hormuz, a chokepoint for a large share of globally traded crude, has kept energy markets on edge, with traders watching for any further strikes or disruptions to supply routes.

Meanwhile, Axios reports that Trump's team is working on a post-war strategy focused on a regional effort to contain Iran and expand the normalization of relations between Israel and its neighbors, an approach that would build on existing Abraham Accord-style agreements in the region.

Source: Investinglive