Israeli official says Israel conducted strikes against Iranian navy missile boats in the Caspian sea, Axios reports; More than five vessels were targeted

The report of Israeli strikes against Iranian navy missile boats in the Caspian Sea signals a potential escalation in regional tensions, which could impact energy prices and safe-haven assets like gold. Given the ongoing complexities in Middle Eastern geopolitics, markets may react to shifts in sentiment surrounding oil security and regional stability, particularly as these developments could affect supply dynamics in the energy sector.