[MARKET UPDATE] Earlier moves extend (crude and dollar higher, T-notes, stocks and gold lower) as air defences triggered in Tehran

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There are currently no indications that this is the work of Israel or US in response to air defences being triggered in Tehran, says Kan News journalist

Israel says it did not launch any attack in Iran, via Al Araby citing Ynet

[MARKET UPDATE] Earlier moves extend (crude and dollar higher, T-notes, stocks and gold lower) as air defences triggered in Tehran

Iran Foreign Minister Araghchi says the battlefield and diplomacy are fully coordinated fronts in the same war; Iranians are all united, more than ever before

Meta (META) to cut 10% of jobs in efficiency push, equivalent to 8,000 jobs, according to Bloomberg

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Context

The triggering of air defenses in Tehran suggests rising geopolitical tensions, likely impacting market sentiment. With crude oil and the dollar strengthening, traders are positioning for potential supply risks, while the declines in T-notes, stocks, and gold reflect a flight from safe havens. This situation could lead to increased volatility as the situation develops and traders reassess risk assets.

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