Ongoing Iranian ballistic missile strikes targeting U.S. facilities at Jordan’s Al-Azraq airbase reflect a sustained retaliatory pattern tied to the broader U.S.-Iran conflict and tanker clashes in the Strait of Hormuz. Jordanian forces intercepted most of approximately 20 missiles in early September 2026 and three more on October 11, with debris falling in unpopulated areas and no reported casualties. The Islamic Revolutionary Guards Corps has framed these operations as punitive responses to U.S. actions against Iranian vessels, while diplomatic talks continue amid warnings of further escalation if negotiations stall. This cycle of attempted strikes, combined with Jordan’s strategic hosting of U.S. assets, shapes trader views on the likelihood of additional targeting within near-term resolution windows.