Israeli army issues an evacuation alert for 7 residential neighbourhoods in the southern suburbs of Beirut

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Chevron warns California risks fuel crisis unless Iran war ebbs

IDF says it identified an Iranian missile attack targeting southern Israel and is working to intercept it, while Israeli Home Front announces sirens sounding in Eilat and areas of southern Israel

Israeli army issues an evacuation alert for 7 residential neighbourhoods in the southern suburbs of Beirut

UK PM Starmer says UK is now working with partners on a plan to ensure flows of goods through key maritime routes, following a call with the Saudi Crown Prince

Israeli officials quoted by Yedioth Ahronoth said reaching an agreement between the US and Iran will not be quick

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Context

The evacuation alert in Beirut highlights escalating tensions that could increase regional instability. This may lead to heightened risk aversion in markets, benefiting safe-haven assets like gold and the USD while potentially pressuring commodities such as oil. Traders should monitor geopolitical developments closely as they can drive volatility across FX and commodity markets.

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