Iran Says US Airstrikes Have Effectively Made Ceasefire Meaningless
Summary
- Iran’s Foreign Ministry said a ceasefire agreement has effectively lost its meaning because of US airstrikes.
- Iran said it had carried out retaliatory strikes against targets in Kuwait, Bahrain and Jordan.
- Markets are weighing the risk that a broader Middle East conflict could increase volatility in global oil prices and safe-haven assets.
Forecast Trend Report by Period
Iran said recent US airstrikes have effectively stripped a ceasefire agreement of its meaning, fueling concern in financial markets about a renewed escalation in Middle East tensions.
Walter Bloomberg reported on June 11 that Iran’s Foreign Ministry said the US strikes carried out that day were broader and more intense than earlier attacks.
Iran said the US military action had made the ceasefire “meaningless,” but it did not formally declare its withdrawal from the agreement.
Iran also said it had carried out retaliatory strikes against targets in Kuwait, Bahrain and Jordan. It did not disclose the scale of the damage or provide further details.
The latest episode marks the third military escalation this week involving Iran, Israel and the US.
The US and Iran have recently continued indirect talks over nuclear negotiations and sanctions relief, even as the risk of a military clash has risen.
Markets are also weighing the prospect that a broader Middle East conflict could renew volatility in global oil prices and safe-haven assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.