Two Israeli defense officials said that significant preparations were underway for possibility of a joint strike with the US against Iran, according to NYT

Two Israeli defense officials said that significant preparations were underway for possibility of a joint strike with the US against Iran, according to NYT.

The report of Israeli defense officials preparing for a possible joint strike with the US against Iran indicates rising geopolitical tensions, which often lead to increased volatility in oil and safe-haven assets like gold. This situation could lead to a flight towards USD and JPY as investors seek more stable currencies amidst uncertainty. Market participants should monitor implications for energy prices, particularly WTI, as escalations in the region may affect supply dynamics.