Senior Iranian Cleric Javadi Amoli says shedding the blood of Israelis and Trump is what is required of devout Shi'ite muslims today, according to Iran State Media

This statement from a senior Iranian cleric reflects escalating tensions and a call to action against perceived adversaries, which could heighten market volatility. Investors should be cautious of implications for risk assets and safe havens, as any further escalation could drive demand for gold and strengthen the USD against other currencies. The geopolitical landscape prior to significant events may create a risk-off sentiment in equities and commodities markets.