Israeli Defence Minister Katz says Iran will pay a "heavy and increasing prices" for targeting Israeli civilians; says strikes on Iran will escalate and expand to additional targets and domains that help Iran build and operated weapons against Israel

The remarks from Israeli Defence Minister Katz signal a significant escalation in tensions between Israel and Iran, emphasizing a more aggressive posture towards Iranian military capabilities. This could result in increased volatility in energy markets, particularly oil and natural gas, as well as safe-haven assets like gold, given the potential for broader regional conflict.