Oil Prices Retreat as Netanyahu Claims Destruction of Iranian Nuclear Capabilities

Oil prices retreated following Israeli Prime Minister Benjamin Netanyahu's claims that military strikes successfully neutralized Iran's uranium enrichment infrastructure. Market stability was further bolstered as key U.S. allies, including Europe and Japan, joined international efforts to secure maritime trade routes in the Strait of Hormuz. Additionally, reports of U.S. plans to increase domestic oil supply to offset any potential global shortages helped alleviate supply-side concerns. This combination of military de-escalation signals and proactive measures to safeguard energy corridors led to a recovery in global equity markets. Meanwhile, safe-haven assets like gold XAU/USD faced continued selling pressure as investor sentiment shifted toward riskier assets. Analysts suggest that these coordinated international efforts are designed to ensure long-term stability in global energy markets.