An increase in the number of US planes near Iranian airspace, according to Israel's Channel 14

The increase in US military presence near Iranian airspace is a notable escalation that could heighten geopolitical tensions in the region.

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[MARKET UPDATE] Spot XAU briefly extends beyond USD 4600/oz and USD/JPY at session lows of 157.57; recent headlines point to increased presence of US planes near Iranian airspace

An increase in the number of US planes near Iranian airspace, according to Israel's Channel 14

Australian Resources Minister King says Australia is to have an operational critical minerals reserve by year-end

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Investors may see this as a risk factor for oil prices, potentially driving them higher due to fears of conflict. Moreover, the USD could strengthen as investors seek safe-haven assets in response to increased uncertainty.

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