US and Israeli forces have targeted Tehran, Urmia, Isfahan, and Karaj with heavy air strikes

The escalation of air strikes by US and Israeli forces against key Iranian locations represents a significant geopolitical development that could heighten tensions in the region. This situation may lead to increased volatility in commodities, particularly oil and gold, and could also impact currency flows as investors seek safe havens amid rising uncertainty. Traders should watch for reactions in the energy markets, as well as potential shifts in risk sentiment affecting currencies like the USD and JPY.