Iranian media report explosion at southern port of Bandar Abbas

Iranian media report explosion at southern port of Bandar Abbas


An explosion occurred at Iran’s southern port of Bandar Abbas on Saturday, Iranian media reported, without giving a cause for the blast.

The semi-official Tasnim news agency said that social media reports alleging that a Revolutionary Guard navy commander was targeted in the explosion were “completely false”.

Iranian media said the blast was being investigated but gave no further information. Iranian authorities could not immediately be contacted for comment.

The port of Bandar Abbas lies on the Strait of Hormuz, a vital waterway between Iran and Oman which handles about a fifth of the world’s seaborne oil.

The reported explosion comes amid heightened tensions between Tehran and Washington after Iranian authorities quelled the biggest protests to convulse the country in three years, and also amid ongoing Western concerns over Iran’s nuclear program.

The nationwide protests erupted in December over economic hardship and posed one of the toughest challenges to the country’s clerical rulers.

At least 5,000 people were killed in the protests, including 500 members of the security forces, an Iranian official told Reuters.

U.S. President Donald Trump said on Thursday an “armada” was heading toward Iran. Multiple sources said on Friday that Trump was weighing options against Iran that include targeted strikes on security forces.

Earlier on Saturday, Iranian President Masoud Pezeshkian accused U.S., Israeli and European leaders of exploiting Iran’s economic problems, inciting unrest and providing people with the means to “tear the nation apart”.

— This is a developing story. Please check back for details.



Source

Earnings playbook: Amazon and Alphabet headline the busiest week of the reporting period
World

Earnings playbook: Amazon and Alphabet headline the busiest week of the reporting period

Investors need to get ready for a deluge of corporate results this week. More than 110 companies in the S & P 500 are set to report, making it the busiest week of the fourth-quarter earnings season. Among the companies scheduled to post their latest financials are Amazon, Google-parent Alphabet and Disney. The season thus […]

Read More
OPEC+ agrees in principle to keep oil output pause for March, sources say
World

OPEC+ agrees in principle to keep oil output pause for March, sources say

Oil prices slipped on Tuesday, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output offset optimism over a potential U.S.-China trade deal. Feifei Cui-paoluzzo | Moment | Getty Images OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets […]

Read More
French tech company Capgemini to sell U.S. unit linked to ICE
World

French tech company Capgemini to sell U.S. unit linked to ICE

French IT company Capgemini will sell its U.S. subsidiary Capgemini Government Solutions, it said on Sunday, after coming under pressure to explain a contract the latter signed with U.S immigration enforcement agency ICE. French lawmakers, including Finance Minister Roland Lescure, had asked the company to shed light on the contract amid concern over the tactics […]

Read More