Sky News Arabia, citing Israeli officials says "The campaign against Hezbollah will not be short and will not adhere to a specific timetable"

The statement from Israeli officials indicates a prolonged military engagement against Hezbollah, which could heighten tensions in the region. This uncertainty typically supports safe-haven assets like gold and the JPY, while also potentially boosting oil prices due to supply concerns. Traders should watch for potential market volatility, especially in energy and forex markets, as the situation unfolds.