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Netanyahu Assures U.S. Israel Won't Hit Iranian Nuclear or Oil Sites; Oil Prices Drop 5%

Oct 15, 2024, 01:28 AM

Israeli Prime Minister Benjamin Netanyahu has informed the United States that Israel will limit its retaliation against Iran to military targets, avoiding strikes on Iranian nuclear and oil facilities, according to a report in the Washington Post citing unnamed officials. The decision follows an Iranian ballistic missile attack on October 1. The assurance has led to a decline in oil prices, with West Texas Intermediate crude dropping by nearly 5% to around $72.50 in early Asian trading, as concerns over a major disruption to Iranian oil supply eased.