An attack on a tanker at the oil port in Fujairah, UAE, has caused a large fire and injured three individuals. The UAE reported that its air defense system intercepted 12 ballistic missiles, three cruise missiles, and four drones. While Iran is suspected of being behind the attack, an Iranian military official stated that there were “no plans to target the UAE.”
On May 5, Kathmandu — The UAE Ministry of Foreign Affairs confirmed an attack on a tanker associated with its state oil company. Authorities reported that the incident at the Fujairah oil port resulted in a major fire and three people injured. The UAE reserved the right to respond, describing the attack as a “dangerous” provocation.
Following the incident, crude oil prices surged past $115 per barrel, marking a more than 5% increase throughout the day. Fujairah is located on the eastern coast of the UAE, outside the Strait of Hormuz. Oil is transported there via pipelines from oil fields in Abu Dhabi, allowing some oil exports to continue even if the Strait of Hormuz is blocked.
