Donald Trump · Iran · U.S. · Strait of Hormuz · Bitcoin.com News
Eighth Night of Airstrikes: Markets on Edge as Trump Vows to Hit Iran ‘Extremely Hard’
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Iranian missiles reportedly killed two U.S. service members at a Jordanian air base this week, and a third American died a day later in Iraq, as the United States pushed into an eighth consecutive night of airstrikes on Iranian targets near the Strait of Hormuz.
Key facts
- Seven-day stats show BTC is still in the green by 1.5% as of July 19 at 7 p.m
- American jets struck Qeshm Island near 6:10 a.m. local time Sunday, reportedly hitting coastal surveillance sites, air defenses, and drone facilities
- The Strait of Hormuz carries close to a quarter of the world’s seaborne oil, and the threat to shipping there pushed Brent and West Texas Intermediate crude higher through the week, with gains
- The S&P 500 slipped toward the 743 level, and Nasdaq futures dropped roughly 1.5% as tech and semiconductor names lagged, while energy and defense stocks gained ground
Summary
CENTCOM confirmed two U.S. deaths and one missing service member after Iran’s July 17 strike on Jordan. Brent and WTI crude gained 3% to 7% as Iran threatened the Strait of Hormuz, source of 20% of global oil. Trump said the U.S. would finish military objectives “shortly” as strikes on Iran entered an eighth night. U.S. Central Command disclosed that Iran fired ballistic missiles and drones at Muwaffaq Al Salti Air Base in Jordan late on July 17.