IDF denies any involvement in the reported strikes targeting an oil refinery on Iran's Lavan Island this morning, TOI's Fabian reports
Context
The IDF's denial of involvement in strikes on an Iranian oil refinery may indicate a potential de-escalation in regional tensions. Such affirmations can help stabilize oil prices that often react to geopolitical risks, particularly in the Middle East. Watch for movements in WTI and broader commodities as reactions to this news unfold.
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