IRGC confirms it hit Israel's Haifa and Ashdod refineries with missiles, via statement

The confirmation from the IRGC that it has targeted Israeli refineries signals a noteworthy escalation in regional tensions, which may impact energy prices and overall market risk sentiment. Given the potential for this to affect supply security, traders should monitor oil futures closely as well as the broader implications for safe-haven assets like gold and currencies such as the USD. The geopolitical backdrop could lead to increased volatility in both the commodities and FX markets.