Explosions have been heard in Shiraz, Iran, according to Fars
Newsquawk Staff ·
Explosions have been heard in Shiraz, Iran, according to Fars.
What it means
The reported explosions in Shiraz, Iran, could signal an escalation in regional tensions, which is particularly relevant for energy markets. Given Iran's significant role in oil supply dynamics, any deteriorating security situation may impact crude prices, especially in WTI, as traders assess potential disruptions in supply.
Sources
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
- US President Trump on Iran, says may do it a little bit further
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.32 HIGHER AT 99.47/BBL; BRENT (Z6) SETTLES USD 4.35 HIGHER AT USD 113.17/BBL
- US President Trump called Musk and asked him to lift Ukraine Starlink (SPCX) restrictions, WSJ reports
- Ukraine President Zelensky says Ukraine is ready for peace talks at G20, but so far no such invitation
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