Israeli Channel 12 reports launch of 5 missiles towards the Western Galilee, with several intercepted and remainder fell in open areas
The report of missiles launched toward the Western Galilee underscores escalating tensions in the region.
US VP Vance is engaging with Pakistan mediators over Iran deal and passed a message to Iran via Pakistan on Tuesday, while US and Iran are discussing ceasefire for Hormuz reopening and Vance warned of increasing pressure without a deal, according to ABC
US President Trump is expected to overhaul steel and aluminum tariffs, while altered rates on finished products would simplify compliance, but could increase costs for many imports, according to WSJ
Israeli Channel 12 reports launch of 5 missiles towards the Western Galilee, with several intercepted and remainder fell in open areas
US Senate may vote on DHS funding bill on Thursday, while the bill would fund DHS without ICE and CBP, according to NBC
Newsquawk US Market Wrap: Risk-on trade continues as markets welcome constructive comments to end US-Iran war
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This escalation could lead to heightened risk aversion in the markets, potentially boosting safe-haven assets like gold and the JPY, while also affecting oil prices due to geopolitical risk premiums. Traders should monitor for further developments as they could impact broader sentiment across currencies and commodities.
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