"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.
French Industrial Production MoM (Feb) M/M -0.7% vs. Exp. -0.1% (Prev. 0.5%)
Tracking data shows more ships passing Strait of Hormuz, Al Jazeera reports
"Washington and Israel will expand the scope of strikes in Iran during the next phase", via Sky News Arabia citing Israeli press
Iran warns of strikes on regional energy, telecoms firms if US hits power plants, Al Jazeera reports
UAE Ministry of Defense says "UAE air defenses are dealing with missile and drone attacks coming from Iran", via Sky News Arabia
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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.
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