.jpg)
4 hours ago
1
Article content
(Bloomberg) — Iran pledged to respond “proportionately and decisively” to US strikes at the weekend and Qatar suspended traffic over its airspace, amid signs American bases there could be targeted as the conflict between the Islamic Republic and Israel showed signs of boiling over.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The Wall Street Journal reported that Iran was moving missile launchers for a possible attack on American forces, citing US officials. Axios reported that missiles had been launched toward US bases in Qatar. The White House didn’t immediately respond to requests for comment.
Article content
Article content
Article content
Tehran said it will retaliate for what it called a “grave mistake” by US President Donald Trump in joining Israel’s attacks on Iranian nuclear sites, Abdolrahim Mousavi, chief of staff of Iran’s armed forces, said in a video posted on social media by Iran’s state broadcaster on Monday. He didn’t specify how or when a response would take place.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The US and UK governments both told citizens based in Qatar to take extra care. The Gulf Arab state hosts the largest US military base in the area, Al Udeid, and is also the regional headquarters for US Central Command.
Article content
“Out of an abundance of caution we recommend American citizens shelter in place until further notice,” the US embassy in Doha said in a statement.
Article content
Israel had earlier ratcheted up attacks on various Iranian targets in the more than weeklong conflict, with the Israel Defense Forces warning residents of Tehran to expect further strikes in the coming days.
Article content
The Islamic Republic fired several missiles of its own at Israel, suggesting no immediate plans to pare back the hostilities.
Article content
Iran’s envoy to the International Atomic Energy Agency, Reza Najafi, said the US hits on atomic sites delivered an “irreparable blow” to the Nuclear Non-Proliferation Treaty, the international agreement intended to prevent the spread of atomic weapons.
Article content
Article content
Najafi didn’t say whether Iran would look to leave the NPT, something that would probably mean the United Nations’ nuclear watchdog could no longer inspect the country’s facilities, pushing its program further into the shadows.
Article content
Trump’s decision to deploy bunker-busting bombs and cruise missiles on the country’s three main nuclear sites on Sunday pushed the Middle East into uncharted territory and boosted risks in a global economy already facing severe uncertainty over his trade wars.
Article content
After a nervous start to the trading week, in which Brent crude advanced as much as 5.7%, oil prices fluctuated and US stocks inched higher on bets that Iran’s response to the US strikes won’t significantly disrupt the flow of energy from the Middle East. Global bonds still fell on concern the conflict could fan inflation.
Article content
“An expanding conflict adds to the risk of higher oil prices and an upward impulse to inflation,” said Bloomberg Economics analysts including Ziad Daoud.
Article content
Trump warned energy producers to keep oil prices down, urging the Department of Energy to increase drilling.
English (US)