This is all breaking now and it’s not clear where the missile came from or if it was a drone but they’re now out with a phone notification saying the situation is now safe.

Iran’s Tansim reported that an explosion was heard in Dubai but i want to treat that with some skepticism until it’s confirmed.

Oil prices jumped more than $1 from prior levels of the headlines. There were only two minutes between the warning and the ‘all clear’ which makes me wonder if it was some kind of mistake.

This article was written by Adam Button at investinglive.com.