IRGC Navy says it has seized two offending ships and transported them to the coast of Iran, Tasnim reports

The seizure of two ships by the IRGC Navy signals an escalation in geopolitical tensions in the region, likely impacting risk sentiment across markets. This development could lead to increased volatility in oil and gold prices, as well as potential movements in the currency markets, particularly affecting the USD and JPY given their safe-haven status. Traders should be cautious and consider positioning accordingly as this situation unfolds, as it may trigger broader ramifications in energy and commodity prices.