Kuwait army reports air defence systems are engaging enemy missile and drone attacks

The report of Kuwait's military engaging enemy missile and drone attacks signals a heightened state of regional conflict, which could escalate tensions in the Middle East. This situation typically leads to increased volatility in oil prices and safe-haven assets, with potential ramifications for currencies in the region and broader market sentiment as investors assess risks. Keep an eye on how this develops, particularly regarding any spillover into broader geopolitical or market reactions.