US and Israel have increased airstrikes on Iran’s border with Iraq as US President Trump calls on the Kurdish minority there to rise up against Iran's government, according to Washington Post

The increase in airstrikes near Iran's border, coupled with President Trump's call for Kurdish action against Iran, suggests a notable escalation in regional tensions. This development could impact oil prices and safe-haven assets like gold, as markets may react to heightened geopolitical risks. Additionally, it might influence broader risk sentiment across equities and currencies, particularly those correlated with commodity markets.