Power outages reported in Tehran amid Israeli strikes, according to NYT

The reports of power outages in Tehran following Israeli strikes signify heightened tensions in the region, which could lead to increased volatility in oil and gold markets. Investors typically seek safe-haven assets during geopolitical escalations, potentially boosting demand for the USD and gold while putting pressure on energy prices. Keep an eye on not just immediate market reactions, but also how these developments could influence broader FX dynamics and commodity pricing in subsequent sessions.