Iran Foreign Minister Araghchi says Israel hit two steel factories, a power plant and a civilian nuclear site in coordination with the US; this contradicts US President Trump's extended deadline for diplomacy

This headline reflects escalating tensions between Iran and Israel, particularly with Iran accusing Israel of military actions against its infrastructure, which could trigger geopolitical instability in the region. Such developments often lead to increased volatility in energy markets, particularly oil and metals, and could strengthen the safe-haven bid for currencies like the JPY and CHF. Traders should consider how these tensions might impact broader market sentiment and risk appetite during both the US and EU trading sessions.