IRAN'S MEHR REPORTS AIR DEFENCES HEARD "ENGAGING HOSTILE TARGETS" IN PARTS OF TEHRAN.

Iranian state-affiliated outlet Mehr reported air defense systems engaging "hostile targets" in parts of Tehran, escalating regional tension amid ongoing geopolitical friction. The incident triggers risk-off sentiment in regional markets, with immediate spillover effects on Gulf equity indices and energy-linked currencies due to supply disruption and military escalation channels. Iranian assets, already under sanctions pressure, face heightened capital flow volatility as foreign investors reassess sovereign and operational risk. Brent crude futures and shipping premiums in the Strait of Hormuz are key indicators to watch, along with any follow-up statements from Iran’s Revolutionary Guard or international military monitors.

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