Explosions reported off Iran's Qeshm Island in Strait of Hormuz

Iranian state media outlet IRNA reported explosions heard off Qeshm Island in the Strait of Hormuz, in an area where Iran has recently targeted tankers transiting the waterway and US bases in Gulf nations in retaliation for American military strikes on Iranian targets.

Why this matters. New explosions near Qeshm signal the tanker-for-tanker exchange in the Strait of Hormuz is continuing rather than de-escalating, keeping pressure on shipping insurers and oil markets tracking the waterway.