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Trump vows response to Iran's retaliatory strikes, saying 'We're going to hit them hard'; oil prices spike as IRGC warns of 'more devastating responses'

President Trump vowed a strong response to Iran's retaliatory strikes, stating, "We're going to hit them hard," following U.S. attacks on Iranian positions. The exchange has caused oil prices to spike, with Brent crude rising 3.4% to $91.09 per barrel amid escalating tensions.

The Hill The Hill31 August 2026 · 13:48 UTC
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President Trump has pledged a decisive response to Iran's retaliatory strikes, asserting, "We're going to hit them hard." This statement follows a U.S. attack on Iranian rocket launchers, which was a response to observed preparations by the Islamic Revolutionary Guard Corps (IRGC) to launch rockets into the Strait of Hormuz.

The U.S. military's actions on Sunday marked its first strike on Iran in over a month, targeting two sites on Larak Island. In retaliation, Iran targeted U.S. military assets in the United Arab Emirates and Jordan. The IRGC warned that "every attack will be met with even more devastating responses," emphasizing their resolve against U.S. aggression.5678

The escalating conflict has led to a significant spike in oil prices, with Brent crude futures rising 3.4% to $91.09 per barrel, while West Texas Intermediate also saw a similar increase, trading at $86.22 per barrel. This surge reflects market concerns over the potential for further military actions in the region.

Trump's remarks included a scathing critique of Iran, labeling it a "failed nation" with rampant inflation and a disorganized leadership. He stated, "They have no Navy, they have no Air Force, they have no currency..." highlighting the dire state of the Iranian economy and governance.

Key Insight
“Brent crude futures rose 3.4% to $91.09 per barrel early Monday, while West Texas Intermediate traded at $86.22. Trump also called Iran a 'failed nation' on TruthSocial, accusing it of killing over 100,000 protesters and having 'no Navy, no Air Force, no currency.'”
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Iran strikes US bases in Jordan after US attacks IRGC targets on Larak Island
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Iran strikes US bases in Jordan after US attacks IRGC targets on Larak Island
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The HillThe Hill
“President Trump vowed to respond to Iran’s retaliatory strikes on Monday after the two countries exchanged strikes late Sunday.”
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