Update: The Israel Defense Forces (IDF), the country’s military, said in a post on X that it had launched a wave of “extensive strikes” across western Iran.

"It claims it is striking “infrastructure” of the Iranian regime," per The Guardian.

In the last hours, the IDF said on X that Iran continued to launch missiles toward the territory of the State of Israel.

“Defense systems are operating to intercept the threat,” the IDF added, while warning citizens to enter protective spaces.

This comes after Iran’s Revolutionary Guard Corps (IRGC) pledged to target Israeli Prime Minister Benjamin Netanyahu as the war with the US and Israel continues.

“We will continue to pursue and kill him with full force,” the Guards said of Netanyahu on Sunday, in a statement on their Sepah News website.

Meanwhile, Iran accused “the enemy” of using copycat drones to attack neighbouring countries and put the blame on Tehran, amid intense anger over its retaliatory strikes across the Middle East.

Market implications

Heading into the weekly open on Monday, traders may see renewed risk-off momentum as the Middle East conflict drags on, with Oil and the US Dollar likely attracting fresh buying.