American/Israeli attacks targeted Iran's Kharg island, Mehr news reports
The reported attacks on Iran's Kharg island by American and Israeli forces could escalate tensions in the Middle East, impacting global oil supply and prices.
[MARKET UPDATE] Crude futures rise in a delayed reaction as reports that Kharg island was targeted does the rounds; upticks in the DXY, downticks in UST futures, modest downside across stock futures
Power outages in parts of Karaj, western Iran, following explosions, according to Iranian media
American/Israeli attacks targeted Iran's Kharg island, Mehr news reports
OPEC Secretariat receives an updated compensation plan from Iraq, UAE, Kazakhstan and Oman
Senior Iranian source says Tehran has rejected any temporary ceasefire with the US, Reuters reports
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This geopolitical unrest may lead to a flight to safety in assets like gold and potentially influence currency movements, particularly in the USD and JPY as market participants reassess risk. Watch commodity prices closely, as supply fears could drive up WTI and other energy assets.
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