US VP Vance says the Iranian military is effectively destroyed, this gives the US options. Have the ability to use every tool in the US' disposal to ensure Iran never has a nuclear weapon.

The remarks from US VP Vance suggest a significant escalation in the US stance toward Iran, potentially underpinning a more aggressive policy approach. This development could elevate geopolitical tensions, influencing risk sentiment across markets, especially in energy and safe-haven assets like gold. Traders should watch for volatility in commodities and currency pairs linked to these geopolitical risks, particularly USD and JPY.