Iranian authorities investigating bright light, loud sound east of Tehran – Reuters

Dhwani Mehta FXStreet

Iranian state TV reported early Friday that the authorities are looking into an incident that occurred in the last hours, where a bright light and loud sound in the eastern portion of Tehran was reported.

The local news outlets showed a bright light and loud sound in the eastern portion of Tehran, per Reuters.

Some unconfirmed reports suggest that the explosion was at Parchin, an Iranian military complex, which is about 30 kilometres southeast of Tehran.

Nothing official is confirmed on it yet.

Market reaction

The US oil seems to have caught a late bid on the above report, now trading up 1% to regain the 39 handle. Meanwhile, Brent oil trades flat around $41.50.

The market mood appears unfazed by the Iran explosion reports, with USD/JPY stuck in range around 107.15.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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