Israel has plans to attack targets in Iran during the next six weeks, Sky News Arabia reports citing Israeli Channel 12 citing an Israeli official

Israel's reported plans to attack targets in Iran could heighten geopolitical tensions in the region, which may spur volatility in energy and safe-haven markets. This escalation could lead to increased risk premiums in oil prices and might also affect currency flows, particularly towards the USD and JPY as investors seek safety. The potential ramifications could be significant across commodities and both emerging and developed market currencies, depending on how the situation evolves.