Iran Denies Role in Attack on Northern Iraq's Lanaz Oil Refinery

Iran and allied Iraqi militias denied involvement in an alleged attack on the Lanaz oil refinery in northern Iraq, easing near-term concerns over energy supply disruptions. The denial reduces geopolitical risk in oil markets, supporting a bearish outlook for crude prices.

• Iran and allied Iraqi militias denied attacking the Lanaz oil refinery in northern Iraq
• The denial was reported by the semi-official Tasnim news agency
• No damage or casualties were reported in connection with the alleged attack
• The refinery is located in a strategically sensitive region of northern Iraq
• The incident was not confirmed, and no official source validated the attack
• The denial reduces near-term geopolitical risk to oil supplies