Overnight Israel launched a significant military operation against Iran, targeting nuclear facilities and high-ranking military officials, including the head of the Revolutionary Guards. This preemptive action aimed to impede Iran's nuclear capabilities amid stalled diplomatic negotiations. In retaliation, Iran deployed over 100 drones towards Israel, escalating tensions and prompting fears of a broader regional conflict. The international community distanced itself from the strikes, emphasising the need for restraint. Financial markets reacted swiftly: Brent crude oil prices surged by 5% to $72.88 per barrel, reflecting concerns over potential disruptions in the Strait of Hormuz, a critical chokepoint for global oil shipments. Gold prices climbed to $3,415 per ounce as investors sought safe-haven assets. Major stock indices experienced declines, with the US Dow Jones Futures dropping 600 points, indicating heightened investor anxiety over the unfolding situation.