Sixth Day of US, Iran Counterattacks Puts Ceasefire Out of Reach

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Or sign-in if you have an account.qa1fl)ux9r5vi{0aqxh}([40_media_dl_1.png Armed Conflict Location & Event(Bloomberg) — The US and Iran traded attacks again on Friday, pressuring oil prices and making a quick return to the fragile ceasefire deal signed last month even less likely. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe 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 ARTICLESSubscribe 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 ARTICLESCreate 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 accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountNearly a week of back-and-forth strikes by both sides has expanded beyond strictly military targets to include bridges, utilities and port facilities. US Central Command confirmed that it had destroyed a surveillance tower at the Iranian port of Chabahar on Thursday, saying it was part of a string of maritime outposts along the Gulf of Oman that Tehran used to track and target commercial vessels. Brent crude surged on Friday, rising more than 3.5% to trade around $87 and putting it on track for its biggest weekly advance since April. That followed an Axios report that the Trump administration notified Israel it is sending more refueling planes to the country, a possible signal that US military operations could expand in the coming days. The outlet cited talks with three US and Israeli officials.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBeyond the port tower, the US struck six road bridges overnight, according to Iranian state media. There were separate reports of attacks on the southern town of Bushehr, which houses the country’s only nuclear power plant, and the western province of Lorestan. And an empty oil tanker docked at Kharg Island was struck by the US again after being targeted days earlier, Iranian media reported. Nearly a week of escalated attacks has sparked concerns that the ceasefire agreement, meant to help reestablish regular shipping through the Strait of Hormuz and establish a process for longer-term peace talks, is over. Iran’s Ministry of Energy called on households to limit air conditioning due to southern provinces facing “extreme heat and attacks on power-supply facilities,” the semi-official Iranian Students’ News Agency reported. Tehran responded to the latest US attacks by targeting American bases in Kuwait, Jordan and Bahrain — the three countries that have borne the brunt of the Islamic Republic’s counterstrikes since fighting picked up early last week — and on Oman’s As Salamah Archipelago, which sits on the strait. Iran also struck at US radar and aircraft in Qatar, one of the main mediators between Washington and Tehran, according to the Tasnim news agency.In Kuwait, the government reported strikes on a water desalination and electricity plant, with many power-generation units sustaining damage.Addressing the nation on Thursday night, US President Donald Trump again painted the situation in the Mideast as a success. The US is “winning big in Iran, and you will see the fruits of that labor very, very shortly,” he said before turning his attention toward domestic issues. China and Pakistan expressed concern over the developments, calling on both the US and Iran to cease hostilities and resume dialogue.The worsening hostilities are still far from the scale seen at the height of the war in March and early April. Then, the US and Israel were bombarding Iranian cities on a mass scale and Tehran was firing thousands of drones and missiles at Gulf Arab states and Israel.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Yet with Iran continuing maritime attacks and insisting all ships seek its permission before sailing through the strait, there’s a good chance both sides continue to escalate, according to Mehran Kamrava, a professor of political science at Georgetown University’s campus in Qatar.The attacks are “an ominous sign of more to come, worse to come,” Kamrava told Bloomberg TV on Friday from Doha. “Neither side wants to see this escalation but both have become dependent on the path of an escalatory cycle from which they cannot back out. This tit-for-tat is now very dangerous in the sense of attacks and counter attacks on critical infrastructure.”Beyond bombing Iran more often, the US is again blockading its ports and has scrapped a waiver for sanctions on its oil exports.“Iran and the US are now locked in an escalation spiral, with neither side willing to back down,” said Bloomberg Economics analysts Becca Wasser and Dina Esfandiary. “The war has been costly for Tehran. But its leverage in the strait is valuable — too valuable to give up.” —With assistance from Jennifer Zabasajja.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.

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