Iranian press TV reports US strikes on Iranian city of Tabriz, while explosions were also reported in Iranian ports of Mahshahr and Imam Khomeini

The reported US strikes on Iranian cities and ports signify a notable escalation in tensions between the US and Iran, which could lead to increased volatility in regional assets such as oil and gold.

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Air defenses activated in Konarak city, Sistan and Baluchestan province in southeastern Iran

Iranian press TV reports US strikes on Iranian city of Tabriz, while explosions were also reported in Iranian ports of Mahshahr and Imam Khomeini

US Central Command says it began conducting a new wave of strikes against Iran at 19:00EDT/00:00 for the 9th consecutive night

Explosions heard in Iran's Tabriz, according to an Iranian journalist on Telegram

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Market participants may want to monitor the response from Iran and any potential retaliatory actions, as these could further impact sentiment across equity and commodity markets.

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