At least three explosions were heard in the city of Jask in the Hormozgan province in southern Iran

At least three explosions were heard in the city of Jask in the Hormozgan province in southern Iran.

The reported explosions in Jask, Iran, signal potential unrest that could impact oil supply routes, raising concerns in the market. Given Jask's proximity to critical shipping lanes in the Strait of Hormuz, any escalation in tensions here could drive WTI prices higher, as investors seek safe havens.