Iran announces explosions in Tehran and Qom, while air defences were activated in various areas of the capital

The reported explosions in Tehran and Qom, coupled with the activation of air defenses, could signal escalating tensions within Iran, which may impact regional stability. Given Iran's significant role in energy markets, any perceived threat could lead to volatility in oil prices, particularly WTI, as markets react to potential supply disruptions or conflict escalation. Keep an eye on safe-haven assets and oil market reactions as this develops.