Launches from Iran towards Northern Israel and Lachish area were identified, according to Kan News
The reported missile launches from Iran towards Northern Israel indicate rising tensions in the region, potentially destabilizing the geopolitical landscape.
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US President Trump and Chinese President Xi's summit is unlikely to yield a breakthrough, with five people briefed on preparation saying the summit is unlikely to create room for even a limited reset of business and investment ties, according to Reuters
Launches from Iran towards Northern Israel and Lachish area were identified, according to Kan News
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US President Trump posts "Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!"
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This escalation could influence safe-haven assets like gold and the USD, as well as impacting energy prices, particularly WTI, due to concerns over supply disruptions. Traders should be vigilant for market reactions during the Asian session as the situation develops.
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