IRANIAN MILITARY OFFICIALS REJECT CLAIM FROM US NAVY THAT SMALL IRANIAN BOATS WERE SUNK, AS REPORTED BY IRANIAN STATE TV.

Iranian military officials have dismissed a claim from the U.S. Navy regarding the sinking of small Iranian boats, as reported by Iranian state television. This denial may influence geopolitical tensions in the region, impacting risk appetite among investors. The situation could affect oil markets, particularly given Iran's significant role in global oil supply and the potential for military confrontations to disrupt shipping routes. Traders will be closely watching upcoming statements from both U.S. and Iranian officials, as well as any developments in naval operations in the Strait of Hormuz, a critical chokepoint for oil transport.

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