Israeli Defence Ministry says the military has been instructed to continue striking Iranian national infrastructure with full force
Context
The Israeli Defence Ministry's instruction to escalate military operations against Iranian infrastructure signals a potential escalation in geopolitical tensions in the Middle East. This could create volatility in oil prices, particularly impacting WTI, as well as safe-haven assets like gold. Traders should watch for market reactions in the USD, JPY, and GBP given the interconnectedness of geopolitical risks and currency markets.
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