Senior Israeli Security official told News 14 "Waiting for the ultimatum to expire tonight, after which if no agreement is reached-what doesn't look likely right now-Iran will burn"

This statement from a senior Israeli security official highlights escalating tensions regarding Iran, suggesting a potentially volatile situation if no agreement is reached by the deadline. The implication of Iran being left with no options raises concerns for energy and commodity markets, particularly oil and gold, as geopolitical instability often leads to price spikes in these assets. Furthermore, the broader currency markets could be impacted, especially the USD and JPY, as traders assess safe-haven flows in anticipation of potential conflict.