Former U.S. President Donald Trump praised Italian Prime Minister Giorgia Meloni for her willingness to support potential U.S.-Israel military actions against Iran. Trump highlighted Meloni's alignment with U.S. and Israeli interests, suggesting Italy's role could escalate regional tensions. The comments come amid heightened geopolitical risks in the Middle East, where any conflict involving major powers could disrupt energy markets and global trade. This development signals a possible shift in European geopolitical strategy, with Italy positioning itself closer to U.S. military interests. Traders should monitor oil prices, safe-haven assets like gold, and the U.S. dollar for volatility. Geopolitical tensions often trigger flight-to-safety trades, impacting equity markets and commodities. For Gulf investors, the situation underscores the fragility of regional stability. Any escalation in U.S.-Iran tensions could affect energy security and regional alliances. Key indicators to watch include statements from OPEC+, Iranian military posturing, and European Union diplomatic responses.

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