Explosions were heard on Saturday near Iran’s Kharg Island, a strategically important oil terminal in the Gulf, according to Iranian media reports. The source of the blasts was initially unclear, while separate reports claimed that an Iranian oil tanker near the island was targeted by US missiles. Iranian and US authorities had not immediately issued official confirmation of the reported tanker strike.Key HighlightsExplosions were reported near Iran’s Kharg Island on September 5.Kharg Island is a major hub for Iran’s oil exports.Fars reported hearing explosion sounds but said there was no visible smoke.Iranian media reported that an oil tanker was allegedly hit near the island.Tasnim reported that the tanker was struck by four US missiles.No casualties were reported in the initial accounts.The reported incident comes amid escalating US-Iran tensions in the Gulf.Explosions Heard Near Kharg IslandThe semi-official Fars news agency reported that explosion sounds were heard from the Gulf near Kharg Island. A Fars correspondent on the island reportedly said there was no visible sign of smoke, while the origin of the explosions remained unknown at the time.Kharg Island is one of Iran’s most important oil-export facilities and has long played a central role in the country’s energy infrastructure. Any military incident in the area could therefore raise concerns about Iran’s oil exports and shipping activity in the Gulf.Iranian Tanker Reportedly Hit by US MissilesSeparate Iranian media reports claimed that an Iranian oil tanker operating near Kharg Island had been targeted.Reuters reported that Iran’s state-affiliated Nournews cited unconfirmed local reports that a tanker was hit by a missile fired by US forces. Another Iranian news outlet, Asr Iran, reported that the tanker was struck by four projectiles while it was being unloaded.Later, Reuters reported that Iran’s semi-official Tasnim news agency said an Iranian oil tanker had been struck by four US missiles. The crew was reportedly being evacuated, with no casualties reported in the initial information. However, there was no immediate official confirmation from Iranian authorities or the US military.No Official Confirmation YetThe reports surrounding the Kharg Island incident remain subject to confirmation. While Iranian media outlets have provided details about the alleged tanker attack, officials in Tehran and Washington had not immediately confirmed that US forces carried out the reported strike.The initial Fars report also said the cause of the explosions was unknown, making it important to distinguish the confirmed reports of explosions from the unverified claims about the tanker being targeted.Why Kharg Island Is ImportantKharg Island is a strategically important location for Iran because of its role in the country's oil-export infrastructure. The island has historically handled a significant share of Iran’s crude oil exports.Any attack or disruption near the terminal could have wider consequences for regional shipping and global energy markets, particularly as tensions remain high around the Strait of Hormuz, one of the world's most important oil-shipping routes.US-Iran Tensions EscalateThe latest reports come amid a renewed escalation between the United States and Iran. The two countries have been involved in military confrontations and tensions surrounding the Strait of Hormuz, with shipping and oil infrastructure becoming increasingly important elements of the conflict.US President Donald Trump had also recently issued a warning concerning Kharg Island, saying in a social media post that the island was being “blown to smithereens.” Reuters reported at the time that the post included an AI-generated video and did not provide confirmation of an actual attack on the island.The latest reported explosions therefore come at a particularly sensitive moment for the region.Impact on Oil and ShippingA confirmed strike near Kharg Island could raise fresh concerns about the safety of Iranian oil infrastructure and commercial shipping in the Gulf. Continued disruption around the Strait of Hormuz could also affect global oil supplies and prices.For now, however, the reported tanker attack remains unconfirmed by the US or Iranian governments, and further details are expected as authorities respond to the incident.Latest UpdateExplosions were heard near Iran’s Kharg Island oil terminal on Saturday, September 5. Iranian media later reported that an Iranian tanker had allegedly been hit by four US missiles, but the claim had not received immediate official confirmation. Initial reports said there were no casualties and that the tanker’s crew was being evacuated.