Lebanese sources report a heavy Israeli airstrike on the southern suburbs of Beirut, via Fars

Context

The reported heavy Israeli airstrike on southern Beirut marks a significant escalation in tensions within the region, which could lead to increased volatility in energy prices, particularly oil, as geopolitical risks often spur trader concern. This development may also impact safe-haven assets such as gold and drive fluctuations in the forex markets, especially for currencies like the USD and JPY, as investors seek to hedge against uncertainty.

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