Israel Defence Forces announce wide-scale strikes against Iranian infrastructure and began additional wave of strikes on Hezbollah infrastructure in Beirut

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.