A post by @DeItaone on X.

Iran’s Tasnim news agency, citing a source, said explosions heard on Qeshm Island were not caused by missile strikes. The report followed a burst of headlines that had briefly raised fears of renewed military escalation in the region. Qeshm is a strategically sensitive location near the Strait of Hormuz, a chokepoint for global oil shipments. The clarification removes, for now, an immediate geopolitical risk premium tied to Iranian supply and transit. Traders will watch for follow-up official statements and any market reaction in crude benchmarks at the next open.