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PhreeNews > Blog > World > Markets > Iran hits UAE power provides, tanker struck close to Strait of Hormuz
108278764 1773740769858 gettyimages 2266357358 AFP A3EU83B.jpeg
Markets

Iran hits UAE power provides, tanker struck close to Strait of Hormuz

PhreeNews
Last updated: March 17, 2026 8:18 am
PhreeNews
Published: March 17, 2026
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Naval models from Iran and Russia perform to simulation of rescue a hijacked vessel through the joint naval drills held on the Port of Bandar Abbas close to the Strait of Hormuz in Hormozgan, Iran on February 19, 2026.

Anadolu | Anadolu | Getty Photographs

A contemporary wave of assaults on the United Arab Emirates’ power infrastructure has ramped up issues over extended provide disruptions amid the Iran struggle.

It comes after the world’s largest ultra-sour fuel developments have been struck by a drone, a fireplace broke out within the UAE’s Fujairah Oil Business Zone, and one other tanker was hit close to the strategically very important Strait of Hormuz.

The UAE additionally reopened its airspace on Tuesday after a quick shutdown following a fireplace attributable to an Iranian drone assault hitting a gasoline tank.

Operations on the UAE’s huge Shah fuel subject remained suspended on Tuesday following a drone assault, which brought about a fireplace on the facility, in line with Abu Dhabi authorities. No accidents have been reported from the incident.

The Shah fuel subject is situated 180 kilometers southwest of Abu Dhabi and is operated by a three way partnership between ADNOC and Occidental Petroleum Corp. It has the capability to provide 1.28 billion commonplace cubic toes of fuel per day and 4.2 million tons of sulfur per 12 months.

Individually, a drone assault sparked a fireplace on the Fujairah Oil Business Zone, a critically essential hub for the UAE’s crude exports and bunkering operations. The Fujairah authorities’s media workplace mentioned on Tuesday that no casualties have been reported.

Fujairah, one of many world’s high hubs for storing crude and fuels, is situated on the jap seaboard of the UAE and serves as a key delivery hub for the broader area.

It has confronted repeated assaults in current weeks, underlining the vulnerability of the UAE’s solely export route that bypasses the Strait of Hormuz.

Delivery visitors by way of the Strait of Hormuz, one of many world’s most essential power choke factors, has nearly floor to a halt because the U.S. and Israel launched strikes towards Iran on Feb. 28.

Iran has retaliated by concentrating on ships attempting to move by way of the maritime hall, with a number of incidents reported in current weeks.

Spanning round 248 miles from onshore oil services at Habshan to Fujairah, the UAE’s Abu Dhabi Crude Oil Pipeline (ADCOP), or the Habshan–Fujairah oil pipeline, is estimated to deal with 1.5 million barrels per day, with a reported whole capability of near 1.8 million barrels per day.

Oil costs

A tanker was additionally struck whereas at anchor by an unknown projectile about 23 nautical miles east of the UAE’s Fujairah within the Gulf of Oman, in line with an replace printed Monday from the UK Maritime Commerce Operations (UKMTO) heart.

The incident brought about minor structural injury, with no accidents to the crew and no environmental impression was reported, the UKMTO mentioned.

The newest report comes after six vessels sustained injury in and across the Persian Gulf, Strait of Hormuz and Gulf of Oman final week as Iran warned oil costs may climb to $200 a barrel.

A smoke plume rises from an ongoing hearth close to Dubai Worldwide Airport in Dubai on March 16, 2026. Flights have been progressively resuming at Dubai airport on March 16, beforehand the world’s busiest for worldwide flights, the airport operator mentioned, after a “drone-related incident” sparked a gasoline tank hearth close by, as Iran saved up its Gulf assaults.

– | Afp | Getty Photographs

Oil costs have been increased on Tuesday morning as power market individuals carefully monitored ongoing provide disruptions.

Worldwide Brent crude futures with Could supply superior 3% at $103.21 per barrel, whereas U.S. West Texas Intermediate futures with April supply rose 3.2% at $96.52.

Costs have surged about 40% through the U.S.-Iran struggle, reaching their highest ranges since 2022, as delivery by way of the Strait has been severely disrupted. Brent closed above $100 for the primary time in 4 years final week.

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TAGGED:EnergyHitsHormuzIranStraitstruckSuppliestankerUAE
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