Iran's IRGC says US military support intelligence centres and warehouses and the Israeli army's communications industry complex are among the targets of the 11th wave, Tehran Times reports

Iran's IRGC designating specific US and Israeli military targets hints at escalating tensions, which could have widespread implications for market stability. This development may increase risk aversion, potentially supporting safe-haven assets like gold, while also weighing on regional equities and influencing energy prices given the heightened geopolitical backdrop. Traders should be aware of the potential volatility in FX and commodities as the situation develops.