Largest oil collapse in history: Iran strikes UAE oil ports and urges civilians to evacuate — Reuters

Largest oil collapse in history: Iran strikes UAE oil ports and urges civilians to evacuate — Reuters

Photo: EPA

Reuters reports that Iran attacked oil terminals in the United Arab Emirates, urged civilians to evacuate areas near ports, and warned of further strikes on American facilities in the Persian Gulf.

The conflict between the United States and Iran has entered its third week and has effectively expanded beyond direct confrontation between the two countries. On Saturday, March 14, oil terminals in Fujairah caught fire following a drone attack. Tehran declared that it had a legitimate right to strike ports and “American hideouts” in the Persian Gulf.

Fujairah is one of the world’s key oil hubs: about 1 million barrels per day of Murban crude pass through the terminal—roughly 1% of global demand. After the attack, some oil loading operations were halted as thick black smoke rose over the port.

Iranian military officials called on civilians to leave areas near major ports while tensions remain high. Several strategic facilities were named as potential targets, including:

  • Port of Jebel Ali
  • Khalifa Port
  • Port of Fujairah
  • Iran also warned it could target branches of American banks in the Persian Gulf.
  • Strike on Kharg Island

A day earlier, US forces struck more than 90 military targets on Kharg Island, Iran’s main oil export terminal through which around 90% of the country’s oil exports pass. According to United States Central Command (CENTCOM), the strikes destroyed naval mine depots, missile storage sites, and other military infrastructure.

President Donald Trump claimed the United States had “completely destroyed” the island’s military targets, though Iranian officials downplayed the scale of the damage while warning they could deploy “more powerful weapons” in response.

Oil market disruption

After three weeks of fighting, more than 2,000 people have reportedly been killed, most of them Iranian citizens. The confrontation has triggered what analysts describe as the largest disruption of oil supplies in recorded history, with shipping in the region that supplies about one-fifth of global oil output largely halted and prices surging.

Energy analyst Helima Croft of RBC Capital Markets said the attacks show that the Islamic Revolutionary Guard Corps is signaling that there are no safe havens in the conflict.

UAE caught in the middle

The United Arab Emirates has found itself in a difficult position. Officials in Gulf Arab capitals have expressed frustration at being drawn into a conflict they neither initiated nor supported.

Presidential diplomatic adviser Anwar Gargash said Iran’s actions reflect its inability to confront US and Israeli strikes directly, accusing Tehran of instead targeting Gulf Arab states. Meanwhile, an IRGC spokesperson insisted that Iran considers it legitimate to strike “launch points of the American enemy” in ports, docks, and military sites in certain UAE cities.

banner

SHARE NEWS

link

Complain

like0
dislike0

Comments

0

Similar news

Similar news

Photo: pixabay Ukraine’s Ministry of Finance has agreed with the Group of Official Creditors to postpone payments on state and state-guaranteed debt, signing a new Memorandum of Understanding. The

Photo:  depositphotos The closure of the Strait of Hormuz by Iran showed how quickly a strategic maritime corridor can turn into a weapon with global consequences. But there is a place where a crisi

Photo: president.gov.ua Volodymyr Zelenskyy has signed a law extending the military tax for three years after the end of the war. The announcement was made on the website of the Verkhovna Rada (Ukr

Photo: depositphotos Mobile operators in Ukraine offer several affordable tariffs for pensioners, although most of them have certain activation conditions, according to tehnofan.com. 📡 lif

Photo: Getty Images EU countries have increased imports of liquefied natural gas (LNG) from Russia’s Arctic “Yamal LNG” project, amid a global supply squeeze triggered by the energy crisis in the Mi

Photo: Boryspil International Airport / Facebook Disruptions in the aviation sector could begin within weeks. If the Strait of Hormuz is not reopened soon, European airports may face a systemic sho

Photo: Getty Images This was stated by Volodymyr Zelenskyy, according to his Telegram channel. According to Zelenskyy, Ukraine has already reached agreements with countries in the Middle East to se

Photo: Press Service of the Verkhovna Rada of Ukraine On April 8, the Verkhovna Rada of Ukraine adopted draft law No. 15111-d in its first reading, amending the Tax Code regarding the taxation of di