Breaking

Explosions have been reported near Iran’s Kharg Island in the Persian Gulf, according to Iranian news agency FARS. The incident was reported on Saturday.

Kharg Island is considered Iran’s critical oil export infrastructure, through which approximately 90% of the country’s crude oil exports pass. The island hosts major oil production and export facilities.

The cause and origin of the explosions remain unclear at this time. The incident has potential implications for global oil markets given the strategic importance of Iran’s oil exports.

Source: Walla

Update 10:45: Critical infrastructure incident at key Iranian oil export facility requiring monitoring.

Update 13:02: