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macroJun 10, 2026, 3:53 PM

Trump Says US Military Will 'Hit Iran Hard,' Stocks Fall

President Trump announced that the US military will conduct a significant strike against Iran, causing the US stock market to hit a new intraday low.

SPX

President Donald Trump stated that the US military will "hit Iran hard today," urging people to turn on their televisions. The announcement triggered a sharp decline in US equities, with the stock market falling to a fresh low for the day.

This escalation in rhetoric comes amid ongoing tensions between the US and Iran, raising concerns about a broader conflict in the Middle East. Investors reacted by dumping risk assets, driving major indices lower.

The market's reaction underscores the sensitivity of geopolitical developments on financial markets, as traders weigh the potential for further instability.

Source: The Kobeissi Letter