Iranian officials responded with defiance on Thursday after President Trump's primetime address, with the Speaker of Iran's parliament warned when it comes to defending the homeland, each and every one of them will become a soldier of the country

The defiant response from Iranian officials following President Trump's address highlights escalating tensions, raising concerns about regional stability and potential military conflict. This could lead to volatility in risk assets and drive safe-haven flows into commodities like gold and oil, impacting prices significantly. Traders should watch for ripple effects across currencies, particularly in the USD and JPY, as sentiment shifts.