Israeli Prime Minister Benjamin Netanyahu has stated that Israel will avoid targeting Iranian energy infrastructure in its military operations. This commitment aims to alleviate global concerns regarding potential supply disruptions, effectively removing a significant risk premium from oil prices. Netanyahu also indicated that Israeli forces would assist the United States in efforts to keep the Strait of Hormuz open for maritime traffic. Furthermore, the Prime Minister predicted that the ongoing conflict would conclude sooner than many market participants currently anticipate. Commodity markets reacted with a bearish tone, as Brent and WTI crude prices cooled following the reduction in geopolitical tension. The move is seen as a strategic alignment with U.S. interests to maintain global energy stability while continuing military pressure.
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