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Futures Tumble After Iran Fires “More Than A Dozen” Ballistic Missiles At Two US Targets In Iraq

Futures Tumble After Iran Fires “More Than A Dozen” Ballistic Missiles At Two US Targets In Iraq

Update 8: The Pentagon has released a full statement on the attacks, claiming that more than a dozen missiles were fired from within Iran, and that at least two Iraqi military bases hosting US troops were targeted.

Statement from Assistant to the Secretary of Defense for Public Affairs Jonathan Hoffman

At approximately 5:30 p.m. (EST) on January 7, Iran launched more than a dozen ballistic missiles against U.S. military and coalition forces in Iraq. It is clear that these missiles were launched from Iran and targeted at least two Iraqi military bases hosting U.S. military and coalition personnel at Al-Assad and Irbil.

We are working on initial battle damage assessments.

In recent days and in response to Iranian threats and actions, the Department of Defense has taken all appropriate measures to safeguard our personnel and partners. These bases have been on high alert due to indications that the Iranian regime planned to attack our forces and interests in the region.

As we evaluate the situation and our response, we will take all necessary measures to protect and defend U.S. personnel, partners, and allies in the region.

Due to the dynamic nature of the situation, we will continue to provide updates as they become available.

US F-35s have been scrambled from bases in Turkey and the UAE.

Meanwhile, Iran claims that a “second wave” of attacks targeting an unidentified US base in Iraq is beginning, according to semi-official news agency Tasnim. The IRGC is also threatening to attack any other countries that host US troops.

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Pompeo To Present Military “Options” To Trump As Iran Threatens Carriers With “Precision” Ballistic Missiles

Pompeo To Present Military “Options” To Trump As Iran Threatens Carriers With “Precision” Ballistic Missiles

Echoing prior comments from Tehran’s leaders that a US aircraft carrier in the Persian Gulf would set the stage fora “shooting gallery,” the commander of Iran’s elite Revolutionary Guard Corps (IRGC) warned Tuesday that its ballistic missiles are capable of hitting “carriers in the sea” with great precision

“These missiles can hit with great precision carriers in the sea… These missiles are domestically produced and are difficult to intercept and hit with other missiles,” Brigadier General Hossein Salami said in a televised speech, per Reuters.A 2017 Iranian military drill involving missile test on a carrier mock-up in the Persian Gulf.

He also asserted that Iran’s ballistic missile technology had tipped the balance of power in the Middle East in Tehran’s favor, even with an increasing build-up of American forces in the region, including the USS Abraham Lincoln carrier strike group deployed last month. 

As we previously analyzed, it appears Tehran is now waging its own “maximum counter-pressure” campaign against the White House, given its been largely blocked from exporting its vitaltwo million barrels per day, and the US economic blockade sending its economy into a tailspin. Tehran could force Trump to choose among two bad options: see global oil squeezed with soaring prices due to a “tanker war” and military threats in the Strait of Hormuz, or commit US forces to yet another disastrous regime change war in the Middle East. 

Iran appears ready to match threat for threat, as we mentioned: a real war is fast unfolding in the Middle East today, a war where oil tankers and oil delivery to the world (30% of world oil supply goes through the Gulf) are the targetsBrigadier General Hossein Salami 

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Russia Warns Korean Peninsula “On Brink Of War”

Russia Warns Korean Peninsula “On Brink Of War”

Following the launch of the “largest ever” US-South Korean aerial military drills, and Pyongyang’s latest, most impressive, missile test, the Russian foreign ministry issued a warning that “the situation on the Korean Peninsula is on the brink of war,” adding that “Kim seeks to raise the stakes before any talks.”

The US and South Korea launched their largest aerial drills yet on Monday, less than a week after North Korea tested its new Hwasong-15 missile which military observers said has the capacity to strike Washington DC, or nearly any other location in the continental US. The launched shattered nearly two months of calm as many suspected the North’s benefactors in China were making good on their promises to rein in the restive state’s belligerent behavior.

As we reported Sunday, the annual US-South Korean drills, called Vigilant Ace, will run until Friday. Six F-22 Raptor stealth fighters will be deployed among the more than 230 aircraft taking part. The North has condemned the exercises as yet another provocation.

F-35 fighters will also participate in the drill, which will involve the largest number of 5th generation fighters, according to a South Korea-based US Air Force spokesman quoted by Reuters.

Around 12,000 US troops, including the Marines and Navy, will join South Korean troops. Aircraft participating in the drills will take off from eight different US and South Korean military installations.

And now Interfax reports that, amid concerns that war is inevitable, the Russian foreign ministry has offered to facilitate dialogue between North Korea and The US:

We have open channels of communication with DPRK, ready to use our influence on Pyongyang.

Washington needs to work out security assurances for DPRK to get Pyongyang back to the negotiating table.

Russia assigns blame equally for the rising tensions to Korea’s nuclear missile tests and joint US-South Korea drills.

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Iran Defies Trump: Carries Out More Missile Tests, Threatens Enemies With “Roaring Missiles”

Iran Defies Trump: Carries Out More Missile Tests, Threatens Enemies With “Roaring Missiles”

Iran does appears to not be taking Trump’s escalating threats too seriously, because just one day after the US imposed restrictions on 25 Iranian individuals and entities in response to a ballistic missile test last week (a move which provoked Tehran to answer by saying it would disclose the names of US individuals and companies involved in “helping and founding” terrorist groups), Iran carried out more missile tests during a military exercise on Saturday.

According to Iran’s semi-official Tasnim agency, which cited Amir Ali Hajizadeh, commander of the Islamic Revolutionary Guards Corps’ aerospace division, Iran successfully tested a range of land-to-land missiles and radar systems during the drills in a 35,000 square-kilometer stretch of desert in the northern Iranian province of Semnan.

“If we see the smallest misstep from the enemies, our roaring missiles will fall on their heads,” the brigadier general was cited as telling reporters on the sidelines of the military trials, without referring to any particular nations. Any threats made by the U.S. against Iran were “nonsensical,” Tasnim cited him as saying. Hajizadeh also said tat Iran would use its missiles if its security is under threat, and added that “we are working day and night to protect Iran’s security,” head of Revolutionary Guards’ aerospace unit, Brigadier General Amir Ali Hajizadeh was quoted as saying by Tasnim news agency.

Iran’s Revolutionary Guards is holding the military exercise in Semnan province on Saturday to test missile and radar systems and to “showcase the power of Iran’s revolution and to dismiss the sanctions,” according to the force’s website.

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