Saudi Defence Ministry reported two ballistic missiles were launched towards Riyadh, while one was intercepted and the other landed in an uninhabited area
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[MARKET ANALYSIS] Treasury futures remain pressured on oil-related inflationary concerns
Japan's Chief Cabinet Secretary Kihara says the government may consider a provisional budget to prepare for unforeseen circumstances
Saudi Defence Ministry reported two ballistic missiles were launched towards Riyadh, while one was intercepted and the other landed in an uninhabited area
Israeli military says it has begun a wide-scale wave of strikes targeting Iranian infrastructure in Tehran
[MARKET ANALYSIS] Oil prices are choppy and gold wobbled amid US-Iran threats and Fed rate hike bets
On the Newsquawk feed at , 20 minutes before this page.
Context
This incident underscores escalating tensions in the region, particularly involving Iran and Saudi Arabia, and may provoke heightened risk aversion among investors. Although the missile landed in an uninhabited area, any increase in hostilities could impact oil prices, potentially boosting crude while simultaneously strengthening safe havens like gold. Monitoring how this develops will be crucial for assessing its broader implications on currency and commodity markets.
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