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macroJul 8, 2026, 2:40 PM

Iran Threatens 2:1 Retaliation After US Strikes; Trump Warns of More Strikes

Iranian state media says Iran will strike enemy targets at a ratio of at least two-to-one after the US launched new strikes. President Trump also says the US may target Iran with more strikes tonight.

Iranian state media has announced that the country will retaliate against enemy targets at a ratio of at least two-to-one following fresh US strikes. The statement escalates tensions in the Middle East, raising concerns about a broader conflict.

President Trump separately indicated that the US could launch additional strikes on Iran tonight. The back-and-forth threats come amid heightened military activity and signal a deepening confrontation between the two nations.

Markets are likely to react to the increased geopolitical risk, with potential implications for oil prices and safe-haven assets.

Source: The Kobeissi Letter