Breaking: Risk-off as Iran retaliates, US forces in Iraq are under “missile attack from Iran”

  • A senior US military source says US forces in Iraq are under "missile attack from Iran".
  • Gold rallies to fresh highs of $1,591.93 and USD/JPY spikes to the downside to a low of 107.99.
  • WTI rallies to a fresh high of $64.43, $66.58 on the radar ahead of $76.88.

This is a developing story.

So far, we know that some 13 missies have been reported launched at the Ain Assad Air Base. White House says they are aware of the attack – US President Trump has been briefed and is monitoring the situation.

Updates (since first publishing of the main headline): 

The markets are somewhat relieved as a US official tells CNN there are no reports of US casualties at this time but an assessment is still underway).

  • Trump may make a statement tonight. 
  • US Defense Secretary Esper and U.S. Secretary of State Pompeo have arrived at the White House.
  • Chairman of the Joint Chiefs of Staff, Mark Milley, also.
  •  Iran's guards warn US any aggression against Tehran will get a crashing response - Statement/State TV.
  •  Iran's guards advise US to withdraw its troops from the region to prevent the killing of more soldiers - Statement/State tv
  • Iranian and US fighter jets have taken off – Social media rumours
  • Iran says another US retaliation will result in an Iranian attack on Israel.

Footage of missiles launched at US airbase

The Ayn al Asad is an Iraqi Armed Forces and United States armed forces base located in Al Anbar Governorate of western Iraq. The base is also used by UK forces in Iraq. It was the second-largest US military airbase in Iraq during Operation Iraqi Freedom.

Initial key notes

How will the Pentagon respond?

There are reports in the middle east (unconfirmed as of now) saying at least one US military jet is on fire at Ain Al-Asad base in western Iraq following a barrage of Iran rockets targeting the US base.

Depends on whether there were US casualties.

It is unclear how the US will now respond, but the Pentagon has acknowledged and will take appropriate action:

Market reactions, so far


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

Gold prices collapse to $1,910 as huge profit-taking kicks-in

Positioning squeeze has taken place as the bulls feeling the heat bail out in droves, triggering stop losses to the bottom of the abyss. Real rates have been on the incline since last week's Nonfarm Payrolls report which beat expectations.

Gold News

AUD/USD starts Wednesday trading at fresh weekly lows

The AUD/USD pair is trading at fresh weekly lows in the 0.7130 price zone, as the dollar accelerated its advance ahead of Wall Street’s close. Australian Q2 wages’ growth coming up next.


EUR/USD turns negative at the end of the day

The EUR/USD pair trades near 1.1730 on renewed demand for the dollar. Optimism about US economic growth led the way, despite the coronavirus pandemic continues to limit economic activity.


Price Prediction Bitcoin, Ethereum, Ripple: Euphoria warns of danger

From the crypto ecosystem, the current moment invites us to look for opportunities to balance the portfolio towards Bitcoin, which after giving up market dominance against Ethereum, shows technical patterns that are favorable to a recovery in the short term.

Read more

WTI erases majority of daily gains

Crude oil prices started the week on a strong footing and the barrel of West Texas Intermediate (WTI) gained more than 1% on Monday. With the market sentiment remaining upbeat on Tuesday, the WTI extended its rally and touched a daily high of $42.91 but struggled to preserve its bullish momentum. 

Oil News