Iran launched multiple ballistic missiles at American forces stationed in Jordan on July 28, 2026. All incoming projectiles were intercepted by Patriot missile defense systems with no reported casualties or damage. Donald Trump immediately pledged a forceful response, stating the US would hit back hard. The attack, described as retaliation for earlier US-Saudi military operations against Iranian-backed groups in Iraq, has pushed the US-Iran standoff closer to open war. The Strait of Hormuz, through which a significant share of global oil shipments passes, lies directly in the conflict zone, raising concerns about potential crude price spikes and capital flight toward safe-haven assets like gold and US Treasuries.
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