Air defences have been activated over Tehran with fighter planes flying on low altitude over the city, according to Borna News Agency

The activation of air defenses over Tehran, along with low-flying fighter planes, signals a potential escalation in tensions in the region. This development could impact oil prices as concerns grow over possible conflict, making it a critical point for risk appetite and the behavior of safe-haven assets like gold and the USD. Watch for market reactions as this situation unfolds, particularly in how it may influence risk premium across various assets.