Explosion sounds heard in the Persian Gulf, although the source is currently unknown, according to SNN

Unconfirmed reports of explosions in the Gulf follow a familiar sequence: an initial flash headline with an unknown source, crude gapping on the precautionary bid, and then either confirmation and extension or a slow unwind as the story fails to develop. The relevant distinction is between an incident touching shipping or energy infrastructure, which feeds through freight, insurance premia and the front of the crude curve, and one that proves to be military activity or a false alarm, in which case the risk premium has historically bled out within sessions. SNN is a state-affiliated Iranian outlet, which matters for sourcing: reports carried first on Iranian media in past episodes have sometimes preceded official confirmation and sometimes been walked back, so the provenance cuts both ways. The tells are corroboration from regional or international wires, any statement from naval or port authorities, tanker traffic and insurance quotes around the Strait of Hormuz, and whether crude options skew and timespreads hold the move. Until a source is attributed, the precedent is to treat the premium as fragile.