The US suspends consulate services in southern Turkey and orders non-essential staff to leave

The suspension of consulate services in southern Turkey and the evacuation of non-essential staff indicates rising tensions in the region. This move could heighten geopolitical risks, particularly impacting sentiment in markets sensitive to Middle Eastern stability, including oil and safe-haven assets like gold and the USD. Traders should monitor related developments closely, as this situation may influence risk appetite and market volatility.