Iran has repeatedly launched ballistic missiles at Jordanian air bases hosting U.S. forces, including a major barrage of about 20 missiles on Al-Azraq on September 9, 2026, in direct retaliation for U.S. strikes on Iranian oil tankers amid the ongoing Hormuz conflict. Jordanian defenses intercepted most projectiles, with limited damage and no reported casualties, though earlier 2026 strikes caused some U.S. aircraft losses. Additional interceptions of Iranian missiles occurred in early October. These actions reflect Iran’s strategy of pressuring U.S. regional partners without direct confrontation with Israel or Gulf states that might retaliate strongly. Trader assessments of near-term targeting probability hinge on whether the U.S.-Iran tanker exchanges and related escalations persist through the market’s resolution date.