Israeli official says Israel cancelled planned strikes in Iran to avoid harming search and rescue efforts

This development suggests a temporary de-escalation in tensions surrounding Iran, which could have implications for oil prices and safe-haven assets like gold. Traders may want to monitor energy markets closely, as any reduction in military actions could influence supply dynamics and risk sentiment across currencies, particularly in the USD, EUR, and JPY. While this may not signify a permanent shift, it reflects a cautious approach that markets often react to.