Iranian missile attack causes power outage in Tel Aviv, according to ISNA

The reported missile attack from Iran causing a power outage in Tel Aviv heightens tensions in the Middle East and could lead to wider conflict implications.

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Iranian missile attack causes power outage in Tel Aviv, according to ISNA

[MARKET UPDATE] Asia-Pac stocks are pressured at the open amid a widespread risk-off theme and with oil prices surging on the Iran conflict and disruption as UAE and Kuwait cut production

Saudi Arabia announces interception and destruction of another drone heading towards Shaybah oil field

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This situation may provoke a risk-off sentiment in markets, particularly affecting safe-haven assets like gold and the USD, while also influencing regional equities and the broader geopolitical landscape. Traders should monitor developments closely, as escalations can significantly affect oil prices and market stability.

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