Iran will target Israeli embassies if its embassy is hit, according to IRNA

This statement from Iran suggests an escalating risk in the region, elevating tensions that could impact global markets. The mention of targeting Israeli embassies indicates a potential for retaliatory actions, which may drive investors towards safe havens like gold and the USD. Watch for corresponding movements in oil prices and currencies, particularly the JPY and GBP, as geopolitical risks often lead to volatility in these markets.