Free NewsletterPro Login

Free Live Investors Workshop

Seats limited

Tue, Sep 29.

The dollar is losing value.

Here’s how investors can still profit.

Hosted By

Jaspreet Singh

Founder, Briefs Finance

X
Free Live Investor Workshop

Washington Strikes Iranian Forces After Attack on Soldiers in Jordan

Published Jul 19, 2026
Share:
Summary:
  • Two U.S. service members were killed and one is missing after an Iranian attack on Jordan on July 17, triggering retaliatory airstrikes from the U.S. military.
  • Oil prices surged on Friday, with Brent crude rising 4.6% to $88.10 a barrel and WTI gaining 4.5% to $82.49. Both benchmarks are up roughly 16% for the week.
  • The interim peace agreement signed in June has effectively collapsed after Iran announced it suspended its commitments under the deal.

Retaliation After a Deadly Attack

Late Saturday, at 6 p.m. ET, President Donald Trump ordered new airstrikes against Iran's Islamic Revolutionary Guard Corps. The strikes targeted coastal observation posts and anti-air systems, along with naval assets and locations where missiles and drones were kept. According to Central Command, the objective was to reduce Iran's capacity to endanger merchant vessels passing through the Strait of Hormuz and to retaliate against the IRGC units behind the Jordan incident.

This was not the first round of strikes. Saturday marked the eighth consecutive night that U.S. Central Command has carried out attacks against Iranian targets.

The hostilities started on February 28 when the U.S. and Israel launched attacks on Iran. Previously, 14 other service members had been killed in action since that date, according to MS Now. The two new fatalities in Jordan add to that total.

Get the market news that matters in a five-minute read with Market Briefs, our free daily newsletter

This sustained campaign reflects deepening confrontation between Washington and Tehran, escalating from the February 28 strikes initiated by the U.S. and Israel. The repeated attacks have targeted key Iranian military infrastructure, aiming to cripple their ability to project power in the region, particularly over the Strait of Hormuz, a vital waterway for global oil shipments.

Secretary of Defense Pete Hegseth called the fallen troops heroes, saying "their sacrifice only stiffens our resolve." Speaking to a NewsNation reporter by phone, President Trump described the fatalities as "very sad, it's a very sad thing." He also said in a primetime address that "we are likewise winning big in Iran, and you will see the fruits of that labor very, very shortly."

A Peace Deal Comes Undone

All of this is happening just weeks after the U.S. and Iran signed an interim peace agreement in June, called the Islamabad Memorandum of Understanding. That deal is now in tatters.

Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, warned that the country has "unforgettable lessons in store" for the U.S. When a NewsNation reporter inquired about Iran's suspension of the interim peace agreement, President Trump replied, "I couldn't care less."

On Sunday, the U.S. Embassy in Amman issued a security warning claiming that Jordanian officials had evacuated the Aqaba airport and seaport after receiving a specific and credible threat. However, Jordan denied issuing any evacuation order. Government spokesperson Mohammad Al-Momani said in a written statement that "no potential threats have been recorded by the relevant Jordanian authorities in the past few hours" and that "the airport and port are operating normally."

Oil Markets React

The weekend's events put additional strain on last month's already fragile truce, which could reignite worries about oil transport via the Strait of Hormuz. The U.S. president had warned that if Iran did not come back to negotiations, he would target its bridges and power plants within the following week.

Join Market Briefs, our free daily newsletter, for a quick daily rundown of the markets

Disclosure

Recent News

1 2 3 78

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.
0 Shares
Share via
Copy link