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[MARKET UPDATE] 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.

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“All the signals are that a US attack [against Iran] is imminent, but that is also how this administration behaves to keep everyone on their toes. Unpredictability is part of the strategy,” Reuters reports, citing a Western military official

The X account which flagged the initial explosions in Tehran says they have deleted the post "as the source appears to be a bit flimsy, though reporting on any potential action is going to be difficult due to the ongoing internet blackout across Iran"

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

"Explosion was heard in Tehran", according to social media reports; desk on the lookout for confirmation

Newsquawk Daily Asia-Pac Opening News - 15th January 2026

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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.

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