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What's Driving Markets After the Iran Missile Attacks on U.S. Bases

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Late Tuesday night, Iran launched over a dozen missiles aimed at two U.S. air bases based in Iraq.

Following the attacks, there were no reports of any American casualties at either base

Iran's Islamic Revolutionary Guard Corps said it fired 15 missiles at two U.S. air base installations in Iraq in retaliation for the drone strike Jan. 3 that killed Iranian General Qassem Soleimani..

The Pentagon released a statement from Assistant to the Secretary of Defense for Public Affairs Jonathan Hoffman confirming reports of the attacks on the U.S. military base in Iraq by Iran.

The attacks sent Dow futures down as low as 400 points Tuesday night.

President Trump then took to Twitter to assure that “all is well.” He will be addressing the U.S. Wednesday morning.

However, when investors awoke Wednesday morning, futures were only down slightly.

Oil was soaring after the attacks, but Brent Crude dipped into the red ahead of the opening bell Wednesday morning.

Gold futures briefly topped $1,600 an ounce, before trimming gains. Gold traded around $1,588 in recent action.

Iran’s foreign minister, Javad Sarif, also took to Twitter to say that, “[Iran does] not seek escalation or war, but will defend ourselves against any aggression.”

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