China would not tolerate US blockade, senior Iranian official says

Iran’s judiciary seized the assets of 129 people in West Azarbaijan province on accusations cooperation with foreign countries, the province’s chief justice said on Monday.

Nasser Atabati accused them of working with the United States and Israel, without providing evidence.

He said the judiciary would continue asset seizures against those he called “traitors.”

Government bonds from Tokyo to New York extended losses on Monday as rising energy prices linked to the Middle East war fueled inflation fears and strengthened bets on further global interest rate hikes.

Benchmark 10-year US Treasury yields climbed to 4.6310%, their highest level since February 2025, after rising more than 20 basis points last week.

The two-year yield touched a 14-month high of 4.1020%, while the 30-year Treasury yield rose to a one-year high of 5.1590%.

US Congressman Carlos Gimenez warned that Iranian drones “could be in Cuba,” highlighting the range and strike capabilities of Tehran’s widely used Shahed-136 drones.

Gimenez, a member of the House Armed Services and Homeland Security committees, said the drones can travel between 1,000 and 2,500 kilometers and carry explosive payloads of up to 50 kilograms.

He added that the low-cost drones use satellite navigation, fly at relatively low speeds to help evade radar and can be used for kamikaze attacks as well as intelligence and reconnaissance missions.

Canadian Prime Minister Mark Carney said Ottawa joined the International Atomic Energy Agency in condemning drone attacks targeting the Barakah nuclear power plant in the United Arab Emirates.

Carney warned that attacks on civilian nuclear facilities pose serious risks to human life and the environment.

Canada also expressed solidarity with the UAE and renewed calls for restraint and de-escalation across the region as tensions linked to the Iran conflict continue.

The Financial Times warned in an editorial on Monday that the global energy crunch triggered by the Iran war and disruption in the Strait of Hormuz is likely to intensify in the coming weeks.

The paper said emergency reserve releases and other government measures may buy time temporarily, but warned that falling fuel inventories and rising summer demand are increasing pressure on global energy markets.

The editorial argued that continued disruption to Persian Gulf exports could eventually force broader conservation measures and deepen the economic impact of the crisis.