The Metropolitan Police were called to reports of people being attacked at Leytonstone Underground station last evening.
One person suffered serious knife injuries while two others received minor injuries in the attack by a man, who was later tasered by police officers.
Detectives from the Metropolitan Police's Counter-Terrorism Command are now investigating the event as a "terror incident".
They said the suspect was reportedly threatening other people with a knife.
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Walten added: "The threat from terrorism remains at severe, which means that a terrorist attack is highly likely".
"Anyone who may have captured video or photographic footage of the incident is also urged to make contact with the Counter-Terrorism Command via the anti-Terror hotline," he said.
A witness told the BBC he saw a man holding a knife, about three inches long, standing over another man who was lying on the ground, and people running out of the Central Line Tube station.