Israel is conducting a raid on a southern suburb of Beirut, according to Al Jazeera

The news of Israel conducting a raid in Beirut signals potential escalation in regional tensions, which could adversely influence risk sentiment across markets. Given the geopolitical backdrop, expect heightened volatility in oil prices and safe-haven currencies like the USD as traders position for any further developments. The situation may influence risk-on/risk-off dynamics in the Asian session and beyond, impacting broader commodity and foreign exchange markets.