Pentagon Announces U.S. Air Strike Against ISIL

Pentagon Press Secretary, Rear Admiral John Kirby, tweeted Friday morning that U.S. military aircraft struck ISIL artillery.

US military aircraft conduct strike on ISIL artillery. Artillery was used against Kurdish forces defending Erbil, near US personnel.

— Rear Adm. John Kirby (@PentagonPresSec) August 8, 2014

The Pentagon confirmed the U.S. conducted the airstrike at 6:45 a.m. EDT, as two F-18A's dropped 500 pound bombs, according to Bloomberg.

Crude oil futures jumped $0.30 on the news and gold showed a muted response, while U.S. stock futures dropped three points.

Markets are likely in a wait-and-see mode regarding the scope and depth of the air campaign.