IAEA Director Grossi warns damage to the Iran's Bushehr NPP could result in a major radiological accident affecting a large area in Iran and beyond

The warning from IAEA Director Grossi about potential damage to Iran's Bushehr Nuclear Power Plant (NPP) highlights a significant risk of a radiological incident that could have broad implications both regionally and globally. This concern may impact energy markets, particularly oil, as heightened geopolitical tensions often drive volatility in WTI prices and encourage safe-haven buying in commodities like gold. Traders should monitor this situation closely for any developments that could exacerbate market fears.