Press TV reports that Iran’s Bushehr nuclear power plant has been struck again, but it’s not clear if that damage is to the plant or the adjacent site.
According to the Atomic Energy Organization of Iran, a projectile struck the facility around 21:08 on Tuesday, marking an alarming escalation in the US-Israeli terrorism against Iran’s civilian infrastructure.
As this news was hitting, US stocks were already under pressure. I don’t know if that was because Trump told his friends that the ceasefire was off or whether the market finally got the message the Iran wasn’t interested in ending the war yet.
But note the time in this report, it cites late Tuesday so it’s not something that just happened as it’s now Wednesday evening in Tehran.
In any case, I don’t like the signs on any of this.
The S&P 500 is still up 18 points but was up +70 in the pre-market.
Trump has repeatedly threatened Iran’s largest power plant, which is the Damavand Power Plant southeast of Tehran. Bushehr is about one third of its size at 1 GW.
Update: With a closer inspection of the timing of that report, we’ve seen a bounce in stocks. The market is understandably anxious about Trump striking power plants if there’s no ceasefire agreement.
