Iran's Press TV, citing local sources, reported explosions at the terminal and runway of Shah Airport in Iran.

Ali Akbar Velayati, foreign affairs adviser to Iran’s supreme leader, said on July 8 on social media that Iran has warned the region is not a place for political gambling and has repeatedly shown it will respond immediately to any adventurous acts. Velayati blamed other parties for recent tensions, saying they have publicly acknowledged scrapping a memorandum of understanding that had itself been repeatedly breached, pushing the region toward a dangerous edge. U.S. President Trump, speaking in Ankara on July 8, said he believes the U.S.-Iran memorandum of understanding "has ended," that he will inform U.S. negotiators, and that he does not want to deal with Iran.

Oil-themed funds opened sharply higher but slipped into the red by afternoon. Harvest Crude Oil LOF, E Fund Crude Oil LOF and China Southern Crude Oil LOF turned negative after each had rallied more than 7% in early trading. Fullgoal S&P Oil & Gas ETF and an Oil LOF also fell. US President Trump said Iran called earlier and wants to reach an agreement.