Israeli media reports that sirens sound in and around Tel Aviv, while Press TV reports long-range missiles fired towards Tel Aviv from Lebanon

The reports of sirens in Tel Aviv and missile firings from Lebanon significantly heighten geopolitical tensions in the region. This situation typically leads to a flight to safety, bolstering assets like gold and the USD while pressuring risk assets and potentially affecting energy prices. Watch for market reactions, particularly in currencies and commodities as the situation unfolds.