CNBC Top News·2 min read
Iran targets UAE energy infrastructure as gas field set ablaze, tanker struck near Strait of Hormuz
Iran escalates attacks on UAE energy infrastructure.
Iran has intensified its military actions against the United Arab Emirates, targeting critical energy infrastructure with drone strikes that ignited fires at the Shah gas field and the Fujairah Oil Industry Zone. These attacks have raised concerns about global energy supply disruptions, leading to a significant rise in oil prices, with Brent crude trading above $100 per barrel for the first time in four years.
Key Takeaways
- 1.
Drone strikes caused fires at the Shah gas field and Fujairah Oil Industry Zone.
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Oil prices surged, with Brent crude reaching $102.36 per barrel.
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