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

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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