US President Trump says "We are about to hit them hard, the operation is progressing very well, the big wave hasn't happened yet and it will come soon", via Al Jazeera
Trump's aggressive remarks suggest imminent military action, which could heighten tensions in global markets.
UAE says it dealt with 9 ballistic missiles, 6 cruise missiles and 148 drones
Russian President Putin holds a call with Saudi Crown Prince MBS, Tass reports; the two discussed events in the Middle East, and are concerned about risks of escalation
US President Trump says "We are about to hit them hard, the operation is progressing very well, the big wave hasn't happened yet and it will come soon", via Al Jazeera
Iran's IRGC says US military support intelligence centres and warehouses and the Israeli army's communications industry complex are among the targets of the 11th wave, Tehran Times reports
US ISM Manufacturing Prices (Feb) 70.5 vs. Exp. 59.5 (Prev. 59.0, Low. 58, High. 61.5)
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The implications for commodities, particularly oil and gold, are significant as escalation typically drives prices up, while the impact on equities may vary depending on perceived risks. Traders should watch for volatility across currencies, especially in safe havens like the JPY and gold, as markets react to potential conflict escalation.
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