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Eighth Night of Airstrikes: Markets on Edge as Trump Vows to Hit Iran ‘Extremely Hard’

By bitcoin.com
Jul 20, 2026
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Iranian missiles reportedly killed two U.S. service members at a Jordanian air base this week, and a third American died a day later in Iraq, as the United States pushed into an eighth consecutive night of airstrikes on Iranian targets near the Strait of Hormuz.

Key Takeaways

CENTCOM confirmed two U.S. deaths and one missing service member after Iran’s July 17 strike on Jordan.Brent and WTI crude gained 3% to 7% as Iran threatened the Strait of Hormuz, source of 20% of global oil.Trump said the U.S. would finish military objectives “very shortly” as strikes on Iran entered an eighth night.

The fighting traces back to a war that began in late February 2026. A memorandum of understanding reached in June briefly paused hostilities, but the truce has broken down repeatedly amid strikes tied to control of the Strait of Hormuz. Neither side has moved toward a ground invasion, but the campaign has widened to hit civilian infrastructure alongside military sites.

Soldier Dies in Iraq Image source: Truth Social. Khamenei Rejects Truce Terms

Iran claimed retaliatory hits on U.S.-linked sites in Kuwait, including an ammunition depot at Al Adiri camp and a Patriot radar installation at Ali Al Salem base. Iranian media put recent losses at more than 50 dead and 500 wounded, a figure not independently verified.

Oil and Markets React CFDs on Brent Crude near 7 p.m. EDT on Sunday evening.
U.S. State Dept. Issues Caution Advisory
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