Israeli army says air defences intercept a new wave of Iranian missiles

The interception of Iranian missiles by the Israeli army suggests heightened military tensions, which could have significant implications for regional stability and investor sentiment. This situation may drive flows into safe-haven assets like gold and the yen, while impacting broader commodity prices and risk appetite across currencies such as the USD and EUR. Traders should be alert for volatility in energy markets, particularly crude oil, as escalation could disrupt supplies.