Iran denies Kharg Island attack, calls Trump post ‘ridiculous’

The denial is a critical signal for oil markets, as Kharg Island handles the vast majority of Iranian exports. If operations are truly unaffected, the immediate supply disruption risk is lower than the headline suggested. However, the reference to contractors rebuilding tanks and docks implies some damage occurred, leaving the facility's full operational capacity in question. The open question is whether this is a temporary calm or a precursor to further escalation, which could reintroduce supply risk.