After Iran’s foreign minister said that a deal to end the Iran War had “never been closer,” Israel bombed Dahiyeh, Beirut on Sunday, the 107th day of the Iran War. The Islamic Republic has insisted that the ceasefire to the war includes Lebanon, where Israel has waged a military campaign, and some analysts say Israel’s escalations in Lebanon are designed in part to hamper U.S.–Iran diplomacy.
Israel bombed an apartment building in Beirut’s southern suburbs, killing at least three people, according to local journalists in Lebanon. The attacks came after Hezbollah drones were launched across the border into northern Israel. After Israel attacked Beirut last weekend, Iran launched strikes against Israel.
After Israel’s latest bombing of Beirut, Iran’s Speaker of Parliament Mohammad Bagher Ghalibaf posted on X Sunday morning that,
The Zionists’ incursion into Dahiyeh has once again shown that America either lacks the will to fulfill its commitments or the ability to do so. By giving the green light to the regime, you cannot gain concessions. The game of bad cop and good cop is outdated. If you lack the will and ability to fulfill your commitments, speaking of continuing the path is not possible.
Israel has carried out daily bombardments of southern Lebanon, where the death toll from Israeli strikes reached 3,783 people on Sunday morning, according to Lebanon’s Health Ministry.
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The Financial Times reported on Sunday that China will soon launch a transnational digital payment system called mBridge to compete with U.S. dollar-based systems such as Swift: “China’s drive to widen global use of its currency has been boosted by the Iran war, with adoption of Beijing’s more conventional renminbi cross-border clearing and payments system (Cips) — its version of Swift — surging since the conflict erupted.” Investors in mBridge include the central banks of the United Arab Emirates and Saudi Arabia, among others.
The price of Brent Crude oil closed Friday at $87.3 while AAA reported the national average price of regular gas at $4.07.
