US President Trump told Israeli PM Netanyahu that Israel should only take surgical military action in Lebanon and avoid a full resumption of the war, Axios reports

President Trump's guidance to Prime Minister Netanyahu to limit military actions in Lebanon is significant as it signals a more cautious approach to potential conflict escalation in the region. This could have implications for risk assets, potentially supporting equities while applying downward pressure on safe-haven currencies and commodities like gold and oil. The market may react by reassessing geopolitical risk premiums across various asset classes.