Trump threatens Iran as oil jumps 7% and stocks sink

President Donald Trump threatened a forceful response after Iran fired missiles at U.S. forces in Jordan, ending a brief pause in fighting and sending oil prices sharply higher. Summary Trump vowed to hit Iran “very hard” after missiles targeted American forces in Jordan. Brent crude jumped nearly 8% as traders priced in renewed risks to Middle East supplies. The Dow fell 2.14%, while the S&P 500 and Nasdaq also closed sharply lower. Bitcoin briefly recovered to $64,435 after the Federal Reserve left interest rates unchanged. Trump vows retaliation after Iran missile attack Iran’s Revolutionary Guards fired several ballistic missiles at a U.S. air base and military center in Jordan. U.S. officials said American forces intercepted the missiles, with no immediate reports of casualties. Trump promised retaliation during comments at the White House. “So it’s our turn,” Trump said. “We’re going to hit them very hard.” Trump left open the possibility of a future agreement with Tehran but gave no details about the timing or scale of a U.S. response. He also said he had been briefed about a drone strike on a U.S.-owned gas storage tanker at Egypt’s Damietta port. American and Saudi for...