The Iranian government says preliminary assessment of damage caused by the February 28-April 7 US-Israeli aggression has reached USD 270bln

The reported USD 270 billion damage assessment from the recent US-Israeli aggression suggests significant economic ramifications for Iran. This could heighten geopolitical tensions, which may lead to volatility in oil prices and impact currencies such as the USD and JPY. Traders should monitor these developments closely, as escalating conflicts often drive safe-haven flows into assets like gold and could shift the broader risk sentiment in the markets.