Israeli PM Netanyahu says in recent days they have damaged around 70% of Iran's steel production capacity

Israeli PM Netanyahu's assertion that around 70% of Iran's steel production capacity has been damaged marks a significant escalation in regional tensions. This development not only raises potential disruptions in steel supply, impacting prices and related commodities, but also prompts investor sentiment shifts towards safe-haven assets like gold and can influence currency flows, particularly towards the USD. Traders should monitor how this affects market volatility and sentiment amid ongoing geopolitical developments.