Global markets flipped as Israel promises a 'forceful response' to Iran’s ceasefire breach

Global markets flipped on Tuesday after Israel ordered immediate military action against Tehran, blaming Iran for firing missiles after a ceasefire had already been declared.

Three civilians were confirmed dead after a missile slammed into a building in Be’er Sheba, a southern Israeli city. The projectile was part of four consecutive volleys fired early Tuesday, hours after US President Donald Trump announced what was supposed to be a ceasefire agreement between both sides.

Israel Katz, the Israeli defense minister, said: 

“I have instructed the military to continue high-intensity operations targeting regime assets and terror infrastructure in Tehran.”

Iran, on the other hand, claimed no missiles were launched after the truce was declared. The denial came from ISNA, a student-run Iranian news outlet, which said reports of Iranian strikes post-ceasefire were false.

Still, the damage inside Be’er Sheba was real, and Israeli paramedics on the scene confirmed the deaths of three civilians. Katz said the strike was a violation of the agreement declared by “the President of the United States.”

Israel confirms renewed military operations as stocks rally worldwide

Benjamin Netanyahu, the Israeli prime minister, backed Katz’s decision and said the previous airstrikes carried out by Israel on June 13 had already fulfilled their objective. That objective, according to Netanyahu, was to “destroy Iran’s nuclear program and missile capabilities.”

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