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Middle East crisis live: Jordan says it foiled Iranian missile attack as US launches ‘heavy’ strikes on Iran after pause | US-Israel war on Iran


Jordan says it has foiled Iranian missile attack

Jordan’s military is saying it has foiled an Iranian attempt to target the kingdom with five missiles, the state news agency reports.

The agency quoted the armed forces as saying “interception measures” were carried out and there were no casualties.

The military said it maintained “the highest levels of readiness to deal firmly with any threat” targeting the country’s security and its citizens, the Jordan News Agency posted on social media.

Earlier today the US military launched a wave of “heavy wave” of new strikes on Iran in response to Tehran’s attack on American military installations in Jordan on Wednesday.

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Key events

Oil prices erased some of their previous gains on Thursday despite the escalating attacks ⁠around the Gulf as investor focus shifted to supply flows through the key chokepoints in the region.

Brent futures fell 1.06% to $89.78 a barrel as of ⁠0418 GMT. US West ⁠Texas Intermediate (WTI) crude fell 0.76% to $83.82 a barrel.

Brent settled up 7.91% in the previous session and WTI up 6.56% in one of the sharpest spikes of ⁠the Iran war, reversing a 5% plunge on Tuesday after a pause in hostilities in the five-month conflict, Reuters reports.

Prices surged as Donald Trump threatened on Wednesday to hit Iran “very hard” ⁠after an Iranian missile attack on Tuesday on a US base in Jordan. The US on Thursday said it carried ‌out two hours of reprisal attacks on Iran.

“Trump’s ‘hit hard’ rhetoric caused the price spike immediately but looks like the market has fully priced [that] in and [is] considering the ‘Taco’ possibility right now,” said Lin Ye, vice-president of commodity markets, oil, at Rystad Energy, referring to the acronym “Trump always chickens out”.

Ye said the ‌market was following a pattern: geopolitical headlines were triggering rapid price spikes, but those gains were often short-lived as actual supply flows and parallel diplomatic efforts tended to determine how long ​those upward price moves persisted.

Rystad Energy estimates about 13m barrels ⁠a day of oil from the Gulf is still reaching markets.



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