"Israel has been on particularly high security alert in recent hours, against the backdrop of the US president's dramatic statements regarding the protests in Iran", according to local press

• The Israeli security assessment is that a US attack on Iran is not a question of if but when"
• "There are fears that Iran could attack Israel in response."

The elevated security alert in Israel, coupled with US statements regarding Iran, suggests a heightened risk of military action that could escalate regional tensions. This situation could lead to increased volatility in oil and gold markets as investors seek safe havens and assess the implications for global supply chains, particularly in energy and commodities. Importantly, it raises the potential for currency fluctuations, particularly for the USD and JPY as geopolitical risk factors come into play.