Global markets convulsed on Monday after a report in Iran’s semiofficial Tasnim News Agency, which is affiliated with the country’s Islamic Revolutionary Guards Corps, stated that Iran would stop engaging in negotiations because of Israel’s actions in Lebanon.
The report could not immediately be confirmed and did not cite its sources. Still, oil prices moved sharply higher, and government bond yields also rose. Stocks were mixed, sliding in Europe but barely budging in the United States.
Israel has continued its military campaign in southern Lebanon, despite Iranian claims that the region was part of the original cease-fire struck in April. Meanwhile, Iran and the United States also continued to exchange fire.
The United States said it carried out a series of “self-defense” strikes in Iran over the weekend, the latest in a series of attacks in the past week. Iran’s Revolutionary Guards announced that it had struck a U.S. air base in retaliation for a U.S. attack on a communications facility.
Source:
www.nytimes.com
