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Full Breakdown

U.S. Strikes Target Iranian Missile Launches After Gulf Attack

7/30/2026, 3:52:15 AM

Core Event

On July 29, 2026, President Donald Trump announced in the Oval Office that U.S. forces began launching strikes against Iran at 8 p.m. Washington time. The operation was presented as retaliation for Iranian missile attacks on U.S. forces in the Middle East the previous day.

Background and Recent Tensions

The Islamic Revolutionary Guard Corps fired multiple ballistic missiles toward American positions in the Gulf on Tuesday; all were intercepted. Jordanian armed forces reported intercepting five of those missiles. The U.S. had paused its campaign for two weeks while diplomats sought to give peace talks “some space.” Fighting that began in late February has repeatedly disrupted shipping through the Strait of Hormuz and unsettled global oil markets.

Official Statements & Responses

  • **U.S.
  • Seth Krummrich, vice president at security firm Global Guardian and retired U.S. He warned that critical civilian infrastructure—including airports, power grids, desalination plants and Gulf energy facilities—could be targeted again.
  • Jordan’s armed forces confirmed the interception of five missiles launched from Iran.

Market Impact

Trump’s warning—“We’ll be hitting them hard. They’re going to get a beating”—sent Brent crude futures up 7.9 % to close at $90.74 a barrel and U.S. West Texas Intermediate futures up 6.6 % to settle at $84.46. Asian-trade oil prices were slightly lower the following day.