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Iran Says Military Operation Against Israel Has Ended, Warns of Stronger Retaliation if Lebanon Strikes Resume
Summary
- Iran’s military declared an end to its military operation against Israel, a move that could partly ease Middle East-driven risk-off sentiment.
- It also warned it could launch a stronger attack if Israel resumes strikes on Lebanon, signaling that geopolitical risk remains.
- Markets see volatility in international oil prices and the cryptocurrency market continuing, depending on the Lebanon front, blockade measures and whether a final agreement is reached.
Iran’s military declared an end to its military operation against Israel. It also warned it could launch a stronger attack if Israel resumes strikes on Lebanon.
On June 8, Walter Bloomberg, a social media account that posts breaking economic news, wrote on X, citing Iran’s Fars News, that Iran’s military had announced the end of the operation.
The account also said Iran had warned of a stronger attack if Israel restarts its assault on Lebanon.
The announcement came after Iran fired missiles at Israel. Earlier, the Israeli military said it had detected missiles launched from Iran and activated its air defense systems. Iran’s Islamic Revolutionary Guard Corps, or IRGC, claimed it had hit Israel’s Ramat David Airbase with ballistic missiles.
President Donald Trump wrote on Truth Social on June 8 that Israel and Iran want an immediate ceasefire. “Final negotiations for peace are underway,” he wrote, adding that talks could move quickly.
Markets are interpreting Iran’s announcement as a development that could partly ease Middle East-driven risk-off sentiment. Volatility in oil and cryptocurrency markets may persist for now, however, as the Lebanon front, blockade measures and the prospect of a final agreement remain unresolved.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
