[MARKET UPDATE] Markets pare some of the earlier escalatory moves as Israel denies attacks in Iran, while a journalist implies Ghalibaf news is false and as Iran air defense activation was reportedly a test

The denial of Israeli attacks in Iran and the assertion that journalist claims about Ghalibaf are false appear to be easing some earlier market tensions. This suggests a potential stabilization in geopolitical sentiments, which could be supportive for risk assets as fears of escalation diminish, particularly in oil markets and related equities.