The Israeli army carries out a massive bombing operation east of Gaza City

The Israeli army's extensive bombing operation near Gaza City marks a significant escalation in the ongoing conflict, which could heighten regional tensions.

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The Israeli army carries out a massive bombing operation east of Gaza City

A political aide to the IRGC says that we will respond to any new aggression with surprises and new capabilities, will burn America's giant ships at sea if they miscalculate again, Al Jazeera Mubasher reports

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This situation is likely to impact safe-haven assets like gold and the Japanese yen, while also influencing crude oil prices given potential supply concerns. Traders should watch for volatility in FX markets and commodities as geopolitical risks shift investor sentiment.

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