Russian Foreign Minister Lavrov tells Iranian counterpart Araghchi that it is important to ensure that no new fighting breaks out, and Moscow is on high alert to help in the settlement, while the latter warned warns of dangerous consequences of US actions

Lavrov's comments underscore escalating tensions between the U.S. and Iran, signaling potential instability in the region. This creates a risk-off sentiment, possibly benefiting safe-haven assets like gold and the JPY, while also impacting energy prices with heightened volatility expected in oil markets. Traders should monitor how this geopolitical climate influences risk appetite and cross-asset correlations moving forward.