UKMTO says it received a report of an incident 137 nautical miles east of Oman's Muscat, with a loud explosion reported in close proximity of a vessel followed by smoke in the water, while the vessel and crew are safe

This incident, occurring close to a major maritime route near Oman, raises concerns about regional stability and safety for shipping operations. While the crew and vessel are reported safe, the loud explosion and subsequent smoke could heighten tensions and impact trader sentiment around oil prices and risk assets in the region.