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Bond Yields Rose And U.S.-Iran War Escalated Again. Stocks Fell.
Oil topped $90 a barrel as U.S. and Iranian strikes revived fears of wider disruption to shipping and inflation, officials and traders said.
- On Tuesday, the United States launched strikes against Iranian Revolutionary Guard Corps targets in Iran, prompting Iran to retaliate with missile attacks on bases in Jordan and Bahrain.
- President Donald Trump cited retaliation for Iran's attempted mining of the Strait of Hormuz as justification for the strikes, while the IRGC claimed the fighting only 'tightened the lock' on the waterway.
- Jordan's Security and Crisis Management Centre confirmed 10 of the 13 missiles were intercepted, with three falling in 'remote areas, far from population centres.' Local reports suggest an attack on Sirik struck a wedding, killing four and injuring more than 50.
- Energy concerns intensified on Tuesday as WTI crude spiked above $90 a barrel, while the S&P 500 fell 0.71% and the 10-year Treasury yield climbed to about 4.79%.
- Iran President Masoud Pezeshkian expressed skepticism regarding future talks; meanwhile, Qatar and Pakistan continue mediation efforts, though repeated violations of the Islamabad memorandum have left little sign of an imminent resolution.
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Iran warns US strikes will 'tighten the lock' on Strait of Hormuz
The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military response employing missiles and drones against US interests, leading to an alarming rise in hostilities around this critical maritime route.
·India
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
Factuality
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