Explosion Reported at Iran's Kharg Island Oil Export Hub

An explosion has been reported at Iran's Kharg Island, a key oil export hub, according to Mehr News Agency. The source of the explosion remains unspecified. According to BlockBeats, U.S. officials previously disclosed that the Trump administration had considered seizing Kharg Island and conducting raids near the Strait of Hormuz to locate and destroy weapons that could be used against commercial ships and warships. PolyBeats monitoring indicates that on Polymarket, the probability of Kharg Island being out of Iranian control by April 15 is 7%, by April 30 is 16%, and by May 31 is 24%, with no short-term changes in these probabilities.