Iraqi military denies reports of 'unauthorised' foreign bases in the country after media reports of clandestine Israeli base on Iraqi soil, according to Al Jazeera
Context
The Iraqi military's denial of reports regarding unauthorized foreign bases, including a purported Israeli base, highlights ongoing tensions in the region. This situation could impact investor sentiment in commodities like oil and gold, as geopolitical risks often drive prices higher. Watch for potential volatility in the USD and JPY as market participants reassess risk perceptions associated with Middle Eastern stability.
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