[MARKET UPDATE] Crude futures tick higher as further reports of an explosion in Tehran do the rounds; official confirmation pending

Crude futures tick higher as further reports of an explosion in Tehran do the rounds; official confirmation pending.

Reports of an explosion in Tehran are driving crude futures higher, with the market reacting to potential supply concerns. Until there's official confirmation, we may see volatility as traders weigh the implications for geopolitical risk and supply stability, impacting both WTI and Brent prices.