Where things stand in Iran/US conflict

Thanks for joining us throughout the day as we covered the unfolding news out of the Middle East.

Things kicked off when on Wednesday morning Australian time reports emerged that US military assets in Iraq were targeted by Iranian missile strikes.

The strikes hit targets at Al Asad and Erbil airbases, which house coalition troops and were a retaliation for the strike that killed Iranian general Qassem Soleimani.

The United States reported that the missile strikes did not cause any casualties, while President Trump tweeted "all is well" and did not speak to media but is expected to in the morning, American time.

US President Donald Trump's response will be pivotal.

Australian Prime Minister Scott Morrrison said he would monitor the situation.

Late in the day Iranian state TV claimed that President Trump was masking the "severe damage" the missiles caused to US military assets before Iranian Supreme Leader Ayatollah Ali Khamenei said in an address to his nation "we slapped them (Americans) on the face last night", in relation to the strikes.

Attention will now turn to what President Trump says when he next speaks.