Iran Negotiator Says US, Israeli Assets Are Legitimate Targets

Mohammad Bagher Qalibaf, Iran’s negotiator, criticized the US maritime blockade on Iran and Washington’s support for Israel, warning that American and Israeli assets in the Middle East could be targeted.

Markets are watching for a renewed escalation in Middle East tensions.

Walter Bloomberg reported on June 7 that Qalibaf said US and Israeli assets in the region had become “legitimate targets” because of the US blockade and its backing of Israel.

The Iranian military has full freedom to take whatever response it deems necessary, he added.

Qalibaf also accused the US and Israel of ignoring ceasefire commitments and diplomatic efforts. “They only understand the language of force,” he said.

The remarks came as the US and Iran continue discussions over a nuclear deal and a ceasefire. They were seen as escalating tensions as the two sides remain at odds over the release of frozen assets and sanctions relief.

Market participants are also weighing the possibility that a renewed increase in geopolitical risk across the Middle East could drive greater volatility in global oil prices and safe-haven assets.