Smoke and flames rise from an power facility within the Gulf emirate of Fujairah on March 14, 2026 (Photograph by AFP, Getty Photos)
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Oil loading operations on the UAE port of Fujairah have resumed following a drone assault and fireplace, in response to media studies on Sunday.
A fireplace at a serious oil provide hub on Saturday led to the suspension of some operations, studies stated. Reuters and Bloomberg reported on Sunday that operations had resumed, citing nameless trade sources and folks aware of the state of affairs.
A spokesperson for Abu Dhabi’s state oil large ADNOC, which operates in Fujairah, directed CNBC to the Fujairah Media Workplace, which didn’t instantly reply to CNBC’s electronic mail in search of remark.
Iran on Saturday threatened to assault infrastructure within the neighboring United Arab Emirates and referred to as for residents to be evacuated from three main ports that Tehran now claims are “reputable targets” as a result of the US has used them to assault Iran.
Iran’s official judicial information company Mizan claimed, with out offering proof, that US troops have been stationed within the civilian ports of Jebel Ali, Khalifa and Fujairah within the United Arab Emirates. The information company referred to as on residents in and round these ports to evacuate instantly, saying these services “might be focused inside hours.”
On Friday, US President Donald Trump introduced that he had directed US Central Command to conduct its first bombing marketing campaign in opposition to navy targets on Iran’s Kharg Island.
Khalgh Island has attracted world consideration as it’s thought-about one in all Iran’s most delicate financial targets. The terminal accounts for about 90% of the nation’s crude oil exports and has a loading capability of about 7 million barrels per day.
Analysts say attacking or occupying the island would require a floor drive operation, one thing the US seems reluctant to do. An assault may additionally immediate a sustained rise in already excessive oil costs.
On Friday, Brent crude oil futures ended above $100 per barrel for the second day in a row, with the worldwide oil benchmark rising greater than 40% because the Iran battle started.
