Iran is reporting that:

• They targeted the Al Udeid US base in Qatar
• “Devastating and powerful” missile attack and operation

According to Al Jazeera:

• No casualties from the Iran missile attack.

• Qatar air defenses intercepted the missile attacks on US military base

US crude oil futures are trading at $71.50. That is off the low of $70.60 but well off the high at $78.40.

Will there be a response or will there be a “No harm. No foul” conclusion. That is, there was no damage. You took your shot. You missed.

Sometimes the response is needed, but it is expected to fail. That is what might have happened.

This article was written by Greg Michalowski at www.forexlive.com.