Iran's Joint Military Command: We have not carried out any attack against the UAE in recent days
Context
This statement suggests a de-escalation in tensions between Iran and the UAE, which is pivotal for regional stability and could underpin oil prices positively. The assurance of no recent attacks may alleviate concerns for market participants focused on potential supply disruptions. Overall, it could lend a more risk-on sentiment towards energy commodities, particularly WTI, easing some price pressures stemming from geopolitical risk.
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