US President Trump posts "Big day in Iran. Many long sought after targets have been taken out and destroyed by our GREAT MILITARY, the finest and most lethal in the World. God bless you all!"

This statement from President Trump highlights a significant military action in Iran, which could escalate tensions in the region. The implications for risk assets are pronounced, particularly for equities and commodities like oil and gold, as markets react to potential supply disruptions or geopolitical volatility. Watch USD and JPY as safe-haven flows may increase depending on how the situation develops.