Iranian Foreign Ministry spokesman Baghaei says "Our armed forces are prepared for any scenario", Al Mayadeen reports

The statement from the Iranian Foreign Ministry spokesman indicates heightened tensions and a readiness for potential conflict scenarios, which could escalate geopolitical risks in the region. Such rhetoric often leads to increased volatility in oil prices and could also influence market sentiment towards safe-haven assets like gold. Traders should be attentive to how this may impact risk assets, particularly in the context of ongoing negotiations or sanctions involving Iran.