Ukraine President Zelensky says Russia appears to be regrouping forces, Russian forces showing greater activity in Belarus; Ukraine believes Russia will once again try to involve Belarus in the war

President Zelensky's comments on Russia's military activity and potential regrouping in Belarus signal a renewed escalation in the conflict. This development could prompt volatility in several assets, particularly commodities like oil and gold, as markets price in the implications for energy supply and geopolitical risk. Traders should watch for reaction in currency pairs such as the USD and EUR, reflecting shifts in risk sentiment and safe-haven flows.