According to Fujairah Media Office, a drone attack from the direction of Iran caused a fire at the Fujairah Oil Industry Zone, helping push Brent crude above $119 as markets weighed Gulf supply risks.
Fujairah Media Office in the United Arab Emirates said a drone attack from the direction of Iran caused a fire at the Fujairah Oil Industry Zone on the 4th, according to Xinhua. The reported strike, described in the older topic as hitting a petroleum facility in the UAE, helped drive Brent crude above $119 per barrel as traders reacted to potential supply risks in a key Gulf energy hub. While the reports did not provide further details on casualties, damage, operational disruption, or responsibility, the incident drew market attention because Fujairah is an important oil storage and shipping location and the UAE is a major oil producer.