Iraqi official says there is limited damage to the Lanaz refinery after it was targeted this morning

Iraqi official says there is limited damage to the Lanaz refinery after it was targeted this morning.

The limited damage reported at the Lanaz refinery following the attack suggests a lower likelihood of significant disruptions to oil supply, which may ease concerns in the market. However, continued geopolitical tensions in the region could still provoke volatility in energy prices, especially if further incidents occur. Traders should monitor the situation closely, as developments may impact oil sentiments and risk appetite.