Iranian media reported an explosion in Shiraz early Monday morning, according to Iran International
Context
The reported explosion in Shiraz could heighten regional tensions, particularly between Iran and the West. Given the implications for energy markets and safe-haven assets, we might see moves in WTI and gold as traders assess the risks. This could trigger volatility in forex markets, impacting the USD and JPY as they are often seen as safe havens during geopolitical unrest.
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