Iraq's Defence Ministry says the Mohamad Alaa air base was attacked by a rocket. An aircraft was destroyed but no injuries reported; Iraq says "We will not hesitate to pursue anyone who dares to harm Iraq's security and sovereignty",

This recent rocket attack on the Mohamad Alaa air base in Iraq underscores rising tensions in the region, although the absence of casualties may mitigate immediate market fears. Iraq's strong response hints at potential retaliatory actions, which could lead to heightened volatility in oil prices and regional risk assets. Traders should monitor for any escalations that may further impact geopolitical dynamics and market sentiment.