A "concerted" Iranian attack on oil facilities could trigger a military response, according to AFP citing a source close to the Saudi Government

The suggestion of a "concerted" Iranian attack on oil facilities raises significant geopolitical tensions, particularly given its implications for energy supply stability. This could lead to a military response, creating uncertainty in oil markets and likely supporting commodity prices as risks to supply arise. Traders should monitor potential shifts in safe-haven assets and energy-related equities as the situation develops.