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

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. 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.