Iranian semi official SNN reports Iran missiles hit Tel Aviv and that Israeli air defences failed

Iranian semi official SNN reports Iran missiles hit Tel Aviv and that Israeli air defences failed.

The reports of Iranian missiles hitting Tel Aviv, coupled with the claim that Israeli air defenses failed, signify a significant escalation in regional tensions. This situation is likely to impact safe-haven assets such as gold and the Japanese yen while increasing volatility in energy markets, particularly WTI crude oil. Traders should monitor these developments closely, as they could influence broader market sentiment and flows across multiple currencies and commodities.