A household sits towards the backdrop of a dockyard off the coastal metropolis of Fujairah, within the Strait of Hormuz within the northern Emirate on Feb. 25, 2026.
Giuseppe Cacace | Afp | Getty Images
A drone assault on the United Arab Emirates’ key oil buying and selling hub of Fujairah triggered a big hearth, authorities stated on Monday, with no accidents reported.
“Civil Defense teams in the Emirate immediately responded to the incident and are continuing their efforts to control it,” Fujairah Media Office stated on social media, based on a Google translation.
Oil loading operations on the main oil bunkering hub had been suspended on account of the drone assault, Reuters reported, citing two unnamed sources. CNBC has contacted the UAE’s ADNOC and is awaiting a response.
The assault comes after a separate drone strike and hearth at Fujairah on Saturday, underlining the vulnerability of the UAE’s solely export route that bypasses the strategically vital Strait of Hormuz.
Shipping site visitors by means of one of many world’s most necessary power choke factors has nearly floor to a halt for the reason that U.S. and Israel launched strikes towards Iran on Feb. 28.
Iran has retaliated by concentrating on ships attempting to cross by means of the maritime hall, with a number of incidents reported in latest days.
Fujairah sits on the finish of the UAE’s Abu Dhabi Crude Oil Pipeline (ADCOP), or the Habshan–Fujairah oil pipeline, which bypasses the Strait of Hormuz.
Spanning round 248 miles from onshore oil amenities at Habshan to Fujairah, the pipeline is estimated to deal with 1.5 million barrels per day, with a reported complete capability of near 1.8 million barrels per day.
Iran’s Islamic Revolutionary Guard Corps stated over the weekend that U.S. interests in the UAE, together with ports, docks and army places, had been official targets.
Iran’s state media additionally warned residents and staff within the space of the Fujairah, Jebel Ali and Khalifa ports to evacuate as quickly as attainable, saying U.S. army forces had been current.
Oil costs prolonged positive factors on Friday morning. International benchmark Brent crude futures with May supply traded 3% greater at $106.18 per barrel, whereas U.S. West Texas Intermediate futures with April supply superior 2% to achieve $100.66.
Both contracts have surged greater than 50% over the previous month, reaching their highest ranges since 2022.
