Turkish Defence Ministry says ballistic missile was fired from Iran and heading into Turkish airspace was destroyed by NATO air defences in Eastern Mediterranean

The incident involving a ballistic missile fired from Iran into Turkish airspace highlights rising tensions in the region and may prompt Turkey to enhance its military readiness. Although there were no casualties reported, the situation could influence oil prices and investor sentiment toward risk assets, particularly if further escalations occur. Traders should watch for potential implications on energy markets, given Turkey's strategic position between Europe and Asia.