Israeli military says it completed an additional wave of strikes on targets in Iran

The Israeli military's completion of an additional wave of strikes on targets in Iran signals an escalation in regional tensions, which could have significant repercussions for energy markets and safe-haven assets like gold. The potential for conflict can drive oil prices higher, while safe-haven currencies like the USD and JPY may see increasing demand as traders seek refuge from geopolitical risks. This situation may also complicate the Fed's outlook on monetary policy, as heightened conflict could impact global economic stability.