A wave of explosions have been reported over Al-Azraq Air Base in Jordan, including from Ynet. This was likely Iranian missiles that were intercepted over the northern part of the country.
Earlier, there were also repots of attacks on the Muwaffaq al Salti Air Base.
There hasn’t been a response from the US side yet but that 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 they choose.
WTI was last down 32-cents to $91.01 wit ha range of $88.72 to $92.17 today in choppy trading. Zoom out and we are challenging the top end of the recent range.
Meanwhile, Axios reports that Trump’s team is working on a post-war strategy focused on a regional effort to contain Iran and expand normalization of relations between Israel and its neighbors.
This article was written by Adam Button at investinglive.com.