[MARKET UPDATE]: After reports IRGC targeted US-linked metals facilities in the Gulf, saw oil rise to session highs, as did the Dollar, to the detriment of G10 peers

The escalation of tensions following reports that the IRGC targeted US-linked metals facilities in the Gulf has pushed oil prices to session highs and strengthened the Dollar. This geopolitical risk is likely to weigh on G10 currencies, with markets reacting to heightened uncertainty and potential supply disruptions, suggesting a flight to safety among investors.