Oil prices saw a significant decline, dropping over 4% as concerns eased following Israel's strikes on Iran, which were limited to military sites and did not impact energy facilities.
Traders expressed relief that Israel's military actions did not target Iran's oil production infrastructure, averting possible supply disruptions and contributing to the drop in prices.
Iran's President emphasized that while the nation does not seek war, it will protect its rights, suggesting a potential for de-escalation in regional tensions.
Market analysts view the lack of a direct Iranian threat to retaliate as an indicator of reduced tensions, hinting that the recent strikes might foster stability in the area.
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