Iran's head of Special Operations Moghaddam was eliminated, Sky News Arabia reports citing Israeli media

The reported elimination of Iran's head of Special Operations could escalate tensions in the region, potentially leading to heightened geopolitical risks. This may impact oil prices and safe-haven assets such as gold, as investors reassess the stability of Middle Eastern energy supplies. Additionally, increased volatility in FX markets, especially within the USD and JPY, is likely as traders react to the evolving geopolitical landscape.