Israeli military says it has struck two naval cruise missile production sites in central Tehran
Context
The Israeli military's strikes on naval cruise missile production sites in Tehran signal a significant escalation in regional tensions. This could impact risk sentiment across markets, likely supporting safe-haven assets such as gold and the JPY while pressuring currencies like the EUR and GBP. Investors may also need to reassess energy prices as geopolitical risks typically elevate volatility in oil markets.
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