Explosions Heard Near Strait of Hormuz Amid Iran-US Tensions

Iran’s state media reported several explosions in its southern Hormozgan province, overlooking the strategic Strait of Hormuz, a vital waterway for global oil supplies. The IRNA news agency did not specify the nature of the blasts, which mark a potential escalation in the US-Iran conflict that began in late February. Iran has previously attempted to blockade the strait, demanding authorization for ship crossings, while the US has imposed a counter-blockade on Iranian ports. Such incidents typically heighten crude oil prices due to supply disruption fears, potentially boosting safe-haven demand for gold and impacting USD/PKR.

بحوالہ / Source: www.brecorder.com