Fresh reports of explosions near Iran's Qeshm Island have added to the rapidly escalating confrontation between Washington and Tehran. Iranian media reported projectile strikes in areas around the strategic Gulf island after the Iranian Army warned President Donald Trump of new "surprises" if U.S. attacks continued. The reported strikes came amid ongoing military exchanges and heightened tensions around the Strait of Hormuz, a vital global energy corridor. With both sides hardening their rhetoric and military actions, fears of a wider regional conflict continue to grow.

US projectile reportedly hits Iran's Qeshm Island near Strait of Hormuz, rattling risk markets as crypto traders brace for escalation.

LONDON: Projectiles struck Iran’s Gulf island of Qeshm on Tuesday, Iranian state media reported, as fighting between the United States and Iran continued to spread across the…