[MARKET UPDATE] Equities and gold face pressure following Tasnim report; Oil prices move higher

The news of the Tasnim report is likely raising geopolitical tensions, putting pressure on equities and gold as investors seek safer assets.

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[MARKET UPDATE] Equities and gold face pressure following Tasnim report; Oil prices move higher

"If Trump wants to fall into a hole with his madness, we have prepared a black hole for him from which it will be impossible for him to get out", Tasnim reports citing an Iranian military source

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The rise in oil prices suggests a concern about supply stability or heightened risk in the region, which could have implications for inflation and overall market sentiment.

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