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Iranian state media reported two explosions near Suza on Qeshm Island, with no casualties confirmed. The blasts struck a strategic location near the Strait of Hormuz, a chokepoint for roughly a fifth of global oil shipments. Markets will watch crude prices and shipping rates for any risk premium, and whether Tehran attributes the incident to an external cause or technical fault. Follow-up official statements and any disruption to tanker traffic are the next catalysts.

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Qeshm Island, Suza, Iranian State Media