Iran targeted US sites and depots in Kuwait in recent hours, according to Tasnim

The targeting of US sites and depots in Kuwait by Iran represents an escalation in regional tensions, which could lead to increased volatility in oil prices. If this situation deteriorates further, we might see a risk-off environment where safe-haven assets, like gold, attract more investment, while energy markets may experience upward pressure due to supply concerns. This is definitely something to monitor as it may have significant implications for the broader commodities market.