Iran says explosions heard near Qeshm Island were warning shots

The official framing matters more than the sound itself: Tehran is characterizing the incident as routine enforcement in the Strait of Hormuz rather than acknowledging an external attack, which keeps escalation off the table for now. Because the strait is a chokepoint for crude and LNG flows, any ambiguity around security there feeds directly into energy and shipping risk premia. The open question is whether warning-shot incidents remain the default explanation, or whether the next one is described differently.