Oil loading operations at UAE’s Fujairah have resumed: media reports

Oil loading operations at UAE’s Fujairah have resumed: media reports


Smoke and flames rise from an energy installation in the Gulf emirate of Fujairah on March 14, 2026. (Photo by AFP via Getty Images) /

– | Afp | Getty Images

Oil loading operations in the port of Fujairah in the United Arab Emirates have resumed following a drone strike and fire, according to media reports on Sunday.

The fire at the major oil bunkering hub on Saturday had resulted in the suspension of some operations, according to reports. Reuters and Bloomberg reported Sunday citing unidentified industry sources and people familiar with the situation that the operations have resumed.

A spokesperson for Abu Dhabi’s state oil giant, ADNOC, which operates in Fujairah, directed CNBC to the Fujairah Media Office, which did not immediately respond to CNBC’s emailed requests for comment.

Iran on Saturday threatened to attack the infrastructure of its neighbor, the United Arab Emirates, urging people to evacuate three major ports that Tehran claims are now “legitimate targets” because they were used by the U.S. to attack Iran.

Mizan, Iran’s official judiciary news agency, claimed without providing evidence that U.S. forces are located in the civilian ports of Jebel Ali, Khalifa and Fujairah in the UAE. The news agency urged residents in and around those ports to immediately evacuate, saying the facilities “may be targeted in the coming hours.”

On Friday, U.S. President Donald Trump said that he directed the U.S. Central Command to carry out a bombing raid, hitting military targets on Iran’s Kharg Island for the first time.

Kharg Island has been thrust into the global spotlight because it is regarded as one of Iran’s most sensitive economic targets. The terminal accounts for around 90% of the country’s crude exports and has a loading capacity of roughly 7 million barrels per day.

Analysts say that any attempt to attack or seize it would require a ground troop operation, which the U.S. appears reluctant to undertake. An attack would also likely prompt a sustained increase to already soaring oil prices.

On Friday, Brent crude oil futures closed above $100 per barrel for the second straight day, and the global oil benchmark has surged more than 40% since the war in Iran began.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source

Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk
World

Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk

An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in […]

Read More
Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading
World

Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading

The Iran war news flow-driven oil moves are drawing retail investors into the world’s most traded commodity, further fueling volatility. Small investors have poured record sums into oil-linked exchange-traded funds in recent weeks as prices have whipsawed amid the Middle East conflict and fears of extended disruptions to crude flows through the Strait of Hormuz. […]

Read More
Why traders are getting nervous about Iran’s 0 oil warning as the conflict drags on
World

Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on

Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through the […]

Read More