Iran's Foreign Minister warns Washington that any all-out confrontation with Iran would be fierce and engulf the entire region, Sky News Arabia reports

Iran's Foreign Minister warns Washington that any all-out confrontation with Iran would be fierce and engulf the entire region, Sky News Arabia reports.

The warning from Iran's Foreign Minister signals a potential escalation in regional tensions, which could lead to heightened volatility in commodities and currency markets. A fierce confrontation would likely drive safe-haven assets like gold and JPY higher, while putting pressure on risk-sensitive currencies like the EUR and GBP. Traders should be cautious as geopolitical risks can quickly shift market sentiment and influence energy prices, particularly WTI.