Saudi warplanes reportedly struck Iran-backed militia sites in Iraq during the war, via reports

Saudi warplanes reportedly struck Iran-backed militia sites in Iraq during the war, via reports.

The reported strikes by Saudi warplanes against Iran-backed militias in Iraq signify a potential escalation in regional tensions. This could lead to increased volatility in oil prices and safe-haven assets like gold, as investors seek to hedge against geopolitical risks. The implications for USD and other currencies could also be significant, particularly if these developments disrupt market stability.