The explosions heard on the outskirts of Tehran are a routine missile test, Al Hadath reports citing Iranian TV

The reports of missile tests near Tehran indicate a routine military exercise rather than an escalation in regional tensions.

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The explosions heard on the outskirts of Tehran are a routine missile test, Al Hadath reports citing Iranian TV

Intensive diplomatic efforts are currently underway between Iran and the US across multiple channels, Kann news reports; efforts aimed at reducing the level of "escalation" between parties. However, no significant breakthrough reported at this stage.

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Such activities can often trigger volatility in oil and gold markets, as well as influence regional currency pairs, but given the routine nature, the market impact may be limited unless associated with greater geopolitical instability.

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