Greetings.
In-game I can't see animations of explosions and fire. I only see a white cloud if something explodes. When a nuclear blast happens, I only see a red half-sphere, nothing in addition.
Can someone please help me understand what am I missing? What kind of setting do I need to enable to bring explosions back?
Thank you!

@fractal That is a very detailed answer. Thank you very much, I shall study it and let you know the results in the thread.

@fractal I tried to install dgVoodoo and run the game with it, but I do not think dgVoodoo works for me as I do not see a watermark regardless of where I extract files and whether I launch SC via faf client or via exe file.

Thank you for the replies guys.
The issue happens in the base game as well.
I am using Macbook Pro M1(https://www.apple.com/shop/buy-mac/macbook-pro/16-inch).
VM OS is Windows 11. Emulation via Parallels desktop.