US and Israeli bombing campaign is nearing the achievement of its military objectives, according to a senior Israeli official
- Adds, Iran will not surrender; however, it may send signals that it would accept a ceasefire under certain US conditions.
- At this stage of the conflict, Israel seeks to destabilise the Iranian regime to enable change.
Context
The update suggests that the US and Israeli bombing campaign is making progress towards its military goals, which may influence regional stability and market sentiment. Furthermore, Iran's potential openness to a ceasefire under specific US conditions could signal a shift, impacting energy prices and risk assets. Keep an eye on how this plays out across commodities and currency markets, particularly for safe havens like gold and the JPY.
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