Joint Chiefs of Staff Chairman Gen. Caine on Iran war, says it is not a single overnight operation and this is a major combat operations; expects to take additional losses

The Chairman of the Joint Chiefs of Staff's remarks indicate a significant escalation in U.S.

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BoE's Taylor (Dove) says they are going to have to keep an eye on how the situation evolves in the Middle East; too soon to tell impact of shocks

JPMorgan suggests that Iran escalation challenges the bearish USD view, and recommends tactically unwinding EUR/USD longs today

Joint Chiefs of Staff Chairman Gen. Caine on Iran war, says it is not a single overnight operation and this is a major combat operations; expects to take additional losses

EU Comimssion gas coordination group to meet on Wedensday to discuss Iran situation

Iranian media reported explosion in Tehran's Lavizan, Iran International reports

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  • US operation in Iran marks months and years of planning.
  • This is just the beginning and will continue.
  • Flow of forces to region continues.
  • Additional forces heading to Middle East today.
  • Began to systematically reposition US assets in the region.
  • Says aware of three F-15s jets lost overnight.  
Context

military involvement in Iran, highlighting that operations will be prolonged and involve considerable planning. This suggests further volatility in markets, particularly in energy and safe-haven assets like gold, as traders assess the potential for increased conflict and its implications for global supply chains and economic stability.

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