Israel is targeting civilian infrastructure in Iran in a "major escalation", Al Jazeera reports citing an informed Israeli source

Israel is targeting civilian infrastructure in Iran in a "major escalation", Al Jazeera reports citing an informed Israeli source.

This headline indicates a significant escalation in tensions between Israel and Iran, which could lead to increased volatility in energy prices and safe-haven assets like gold. Market participants should watch for potential impacts on currency valuations, particularly the USD and JPY, as geopolitical risks often drive flows into havens. As the situation evolves, implications for commodity markets, especially crude oil and natural gas, are likely, underscoring the importance of monitoring this development closely.