Lebanon is quickly becoming the biggest problem in ceasefire talks.

Israeli top officials today said the ceasefire doesn’t apply to Lebanon and backed that up with a huge wave of strikes, including targeting 100 locations in Beirut.

Both France and Pakistan have said that Lebanon is part of the ceasefire but the US hasn’t weighed in.

The Tasnim report citing unnamed sources said Iran will withdraw from the agreement if the attack on Lebanon continues. A separate Press TV report says Iran will punish Iran for attacks against Hezbollah ‘in violation of the ceasefire’.

With the latest headlines, we are seeing some softening in stocks. The S&P 500 is up 149 poitns, or 2.26%, to 6767. Gold is notably eating into the post-deal pop.