Trump Says Iran Will Be Hit Hard in Response to Attacks on U.S. Targets in Jordan
Key Takeaways
- •Trump said the United States would respond to attacks on U.S. targets in Jordan by striking Iran hard.
- •He said Iran would still be allowed to keep talking despite the planned retaliation.
- •Crude oil rose to $84.30, up $5 on the day, after the comments.
- •The U.S. dollar edged higher while yields stayed within their trading range.
- •U.S. equity futures and stocks fell, including declines in the Dow, S&P 500, and Nasdaq.
Trump said on Fox News that the United States will "be hitting Iran hard" in response to attacks on U.S. targets in Jordan.
He said Iran would be allowed to keep talking, but added that strikes would take place in reaction to the attacks.
The remarks came against a backdrop of ongoing regional tensions that have kept traders focused on oil supply risks and broader Middle East developments. The report also said Saudi and U.S. strikes were coordinated with the Iraqi government.
Markets moved on the comments. Crude oil rose to $84.30, up $5 on the day. The U.S. dollar edged higher, while yields remained within their trading range.
U.S. equity futures and stocks were lower, with the Dow down 400 points, the S&P down 15.5 points, and the Nasdaq down 86 points.
The article linked to related coverage, including reports that the U.S. confirmed it had launched strikes against Iran and that Trump was weighing another two-week campaign of strikes against Iran.