Palestinian media reports Israeli warplanes launched a raid on the Al Tufar neighbourhood in Gaza City, according to Sky News Arabia

The reported air raid by Israeli warplanes on Gaza City signals a potential escalation in the ongoing conflict, which could increase geopolitical tensions.

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Newsquawk Daily Asia-Pac Opening News - 20th February 2026

Iran says in letter to UN Secretary General and members of the Security Council that if they are attacked, all bases, facilities and assets of hostile force in the region will constitute legitimate targets within the framework of Iran's defensive response

Palestinian media reports Israeli warplanes launched a raid on the Al Tufar neighbourhood in Gaza City, according to Sky News Arabia

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Such developments often lift demand for safe-haven assets like gold and could impact risk sentiment in broader markets, potentially leading to currency volatility, particularly for the USD and JPY. Traders should monitor these events closely, as any further escalation might disrupt regional stability and commodity prices.

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