Iran's President Pezeshkian: Attacks on Lebanon deem ceasefire negotiations meaningless

Eren Sengezer FXStreet

Iran's President Masoud Pezeshkian said on Thursday that Israeli strikes on Lebanon would deem negotiations meaningless because they violate the ceasefire agreement, per Reuters.

"Iran will not abandon the Lebanese people," he added.

Echoing the same sentiment, Iran's parliament speaker Mohammad Bagher Ghalibaf said the ceasefire proposal included Lebanon and the entire 'axis of resistance' and added that violations carry explicit costs and strong responses.

Market reaction

US stock index futures were last seen losing between 0.2% and 0.4% on the day, reflecting a cautious sentiment.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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