U.S. Launches New Attacks on Iran

Also, borrowing costs rise around the world. Here’s the latest at the end of Tuesday.

The United States has initiated a series of new military strikes against targets in Iran, marking a significant escalation in regional tensions. The attacks, confirmed by U.S. defense officials, focus on strategic infrastructure and military sites linked to Iran’s ballistic missile and drone programs. Officials state the action is a direct response to recent Iranian-backed attacks on U.S. personnel and allies in the Middle East.

Global financial markets reacted sharply, with borrowing costs increasing across major economies as investors priced in heightened geopolitical risk. Yields on U.S. Treasuries and European government bonds rose, while oil prices surged amid fears of supply disruptions from the Persian Gulf.

The Biden administration emphasized the strikes were proportional and necessary to deter further aggression, though it did not rule out additional actions. Iran has condemned the attacks as a violation of sovereignty and warned of retaliation, raising concerns about a broader regional conflict.