Kuwait's army says air defences are currently intercepting Iranian missiles and drones, while explosions are reported in the Ali Al-Salem Airbase in Kuwait

The news of Kuwait's air defenses intercepting Iranian missiles and drones highlights escalating tensions in the region, which could trigger broader geopolitical implications. The reported explosions at Ali Al-Salem Airbase raise concerns about security and could impact oil prices, as well as investor sentiment in regional equities and safe havens like gold and the USD. Keep an eye on potential market reactions as this situation develops.