Turkey announced that NATO air defenses intercepted a second Iranian ballistic missile in its airspace, following an earlier incident. The Turkish military stated the missile was shot down near the border with Syria, raising concerns about regional security and Iran's military capabilities. This incident occurs amid heightened tensions between Iran and Western nations, with Turkey positioning itself as a key NATO ally in monitoring cross-border threats. The event could escalate geopolitical risks, potentially impacting global oil markets and investor confidence. Geopolitical instability often drives safe-haven assets like gold and the US dollar, while disrupting energy trade routes. Traders should monitor further military developments and diplomatic responses from NATO and Iran, as these could influence risk appetite and commodity prices.

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