Oil prices soar after ‘treacherous’ Iran strikes UAE for first time since ceasefire
A large fire broke out at Fujairah oil port in the United Arab Emirates after a drone attack (Picture: @WarScopeGlobal/X)
The United Arab Emirates has shot down Iranian missiles in the first attack since the ceasefire.
The Gulf state said its air defences intercepted three missiles launched from Iran, while a fourth fell into the sea.
A large fire broke out at the key UAE oil port after a drone attack from Iran, officials said.
Authorities said that three people – all Indian nationals – were taken to hospital for treatment after the strike on the Fujairah Oil Industry Zone.
The news sent Brent crude oil prices soaring to $115 a barrel – its highest level of the day.
Fujairah lies on the east coast of the UAE, beyond the Strait of Hormuz.
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Oil prices had hit $114 earlier today after reports that Iran’s military had struck an American destroyer, but fell when the US confirmed its ships had not been hit.
The UAE said it reserves the right to respond to Iranian attacks, labelling the strikes ‘treacherous’.
The attack is the first the UAE has been targeted since the shaky ceasefire between Iran and the U.S. took hold almost four weeks ago.
Iran handed over its latest proposal for negotiations with the U.S. to mediators in Pakistan, Iran’s state-run IRNA news agency reported Friday.
Trump subsequently said he’s “not satisfied” with it, but did not elaborate on the proposal’s apparent shortcomings.
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