Israeli Energy Minister Cohen says the damage to the power grid in the north is localised and not significant; there was no significant damage to infrastructure sites in Israel

This update on damage to Israel's power grid and oil refineries indicates a localized impact that should mitigate fears of widespread disruptions in oil supply. The limited significance of the damage may help stabilize related markets such as oil and currencies, as it lessens the risk of geopolitical escalation impacting energy prices and regional stability.