Israel Defence Forces announce wide-scale strikes against Iranian infrastructure and began additional wave of strikes on Hezbollah infrastructure in Beirut
Newsquawk Staff ·
Israel Defence Forces announce wide-scale strikes against Iranian infrastructure and began additional wave of strikes on Hezbollah infrastructure in Beirut.
What it means
The IDF's announcement of extensive strikes against Iranian infrastructure and additional strikes on Hezbollah in Beirut suggests a significant escalation in regional tensions. This development could lead to increased risk-off sentiment in markets, potentially boosting safe-haven assets like gold and the USD while exerting pressure on energy prices due to concerns over supply disruptions. Traders should watch for immediate market reactions in commodities and FX as the situation unfolds.
Sources
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- US and Israel have reportedly prepared plans to resume joint attacks on Iran after the US midterm elections to avoid potential economic and electoral consequences, Lebanese newspaper Nidaa al-Watan reports, citing a Western diplomatic source
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- Iranian Foreign Minister Araghchi says that the destructive consequences of any military adventurism provoked by Israel in the Persian Gulf region for international markets remain a serious concern for gas exporting and gas consuming countries
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