Israel announced it is conducting a fresh widespread wave of strikes in Tehran; subsequently, blasts reported in Tehran and Karaj

Israel's escalation of military strikes in Tehran signals a significant uptick in regional tensions, which could lead to volatility across various asset classes. The immediate implications include potential support for safe-haven assets like gold and the USD, while energy prices may react strongly if conflict disrupts supply routes or escalates further. Traders should consider the potential for a broader geopolitical impact on markets, especially if this situation deteriorates.