Explosions heard in the Bahreke area of Erbil, Iraq. Subsequently, Tasnim reports of a drone attack in the province.

The reported explosions and subsequent drone attack in Erbil, Iraq, indicate a potential escalation in regional tensions, which could have implications for oil markets and security sentiment. Traders should monitor reactions in crude prices and safe-haven assets, as such events often lead to volatility in the region's geopolitical landscape.