"Washington and Israel will expand the scope of strikes in Iran during the next phase", via Sky News Arabia citing Israeli press

The report indicates an escalation in military activity concerning Iran, as the U.S. and Israel plan to expand their strikes. This heightened tension could lead to volatility in energy markets, potentially driving oil prices higher, while also influencing safe-haven assets like gold. Traders should consider how this escalation affects risk sentiment across currencies, particularly the USD and JPY, as market participants may flock to safer assets amid geopolitical uncertainty.