economy
March 15, 2026
Oil loading operations at UAE's Fujairah have resumed: media reports
The fire in Fujairah, caused by debris from an intercepted drone, had disrupted operations in a key crude oil loading port in the Gulf.
TL;DR
- Oil loading operations in Fujairah, UAE, have resumed after a fire caused by a drone strike.
- The fire had temporarily halted operations at the major oil bunkering hub.
- Iran has threatened to attack UAE infrastructure, designating three ports as legitimate targets.
- These threats come after the U.S. conducted a bombing raid on Iran's Kharg Island.
- Global oil prices have surged due to the ongoing conflict, with Brent crude futures exceeding $100 per barrel.
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